Before US markets opening....

31 Jan, 2011

At 7.35PM NYMEX Silver is trading at USD 27.84 Lower than the Friday's closing....

As discussed earlier... MCX SILVER MINI Mar 2011 already tested the resistance levels 43265 and 43502... and Support level 42810... slightly difference in values...

Let us hope for Friday like bounce back....

It is observed that it is getting lot resistance at 43280 levels...

Let us hope it will break out that resistance level...

Monday opening....

31 Jan 2011

NYMEX Silver is trading around USD 27.98.. It is trading at friday night closing... It may open around 43350... Today's resistance levels 43265, 43502 today's supporting levels 42896, 42764

Can it maintain uptrend....

30 Jan 2011....

At time 7.00AM IST... NYMEX Silver is trading around $28.15 which is higher than friday night closing value by $0.14.... so we can expect early gains.....

Slight selling pressure..

29 Jan 2011..

There was a slight selling pressure seen... And also a slight increase in Open interest...

Let us hope for good opening on Monday... NYMEX Silver closed at 28.01USD on Friday night(US Timings)....

Bounce back in commodities...

28 Jan,2011.

A good bounce back seen in commodities..

MCX SilverMini Mar,2011 recovered day's low of 41320 and touched the day high of 43378 and closed at 43280.. which is higher than 5 days simple moving average and 10 days simple moving average.. And also higher than 12 days Exponential moving average..

This is positive bounce back... Slight decrease in the open interest.... When MCX closes that time NYMEX Silver trading at 27.97USD...