Ahmedabad (Commodity Online): MCX Silver march delivery contract fell sharply yesterday night after making a high of 57834 per kg in the evening session and then made a low of 55951 per kg and closes with loss of 1.67% at 56231 per kg due to growing doubts that European leaders could forge a credible plan to solve the euro zone's debt crisis at a summit.
In Today's Morning session Silver March delivery contract open slightly higher because of weak Indian rupee and currently trading at 56457 per kg with 0.39% gain by 11:50 IST with intraday high of 56650 and Spot Silver Trading at $31.691 with 0.09% gain by 11:50 IST.
Technically MCX silver march delivery contract support at 55900 per kg and Resistance at 56800 per kg and breakout any of side would give the clear direction of Silver for today's session till then market would be trading in the given range,says Ankush Kumar Jain, Research Analyst with Commodity Online
To get in touch with the Analyst on this report or to get a free trial on trading advisories call 079-40275050 or mail to tips@commodityonline.com
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