Last Updated : October 11, 2011 10:56
MCX silver up 0.82% as US recession fears ease
MUMBAI (Commodity Online): MCX Silver is up 0.82% on Tuesday morning trade as trong US economic data helped ease concerns of the US slipping into a recession
MCX silver December is currently trading at Rs 53464 after opening at Rs 53350 while COMEX silver December is trading up by 0.28% at $32.26/oz.
-Recession fears in the US were somewhat eased after stronger payroll and employment data suggested that the labour market may be recovering. Goldman Sachs Group raised their Q3 GDP forecast for the US from 2% to 2.5%.
Technical Targets by Angel Commodities
MCX Silver December- Support seen at Rs 52,075 and 52,550 while Resistance seen at Rs 53,980 and Rs 54,380
NCDEX GOLDJUN2012 04 June 2012
contract was trading at
Rs 0 . What's your view on it?
