Thursday, 29 November 2012

Outcome of Silver Updates for 28th Nov



Yesterday had boldly mentioned that MCX Silver on hourly charts momentum is on the downside and will slide to 62500 once 63200 is taken, it was clearly specified that this downside movement will be a mere pullback and specified the COMEX level of $33.27 to accumulate with the stop of 32.67. What happened MCX Silver slipped to 61951 and COMEX was well supported near $32.67 placing a low at $32.92 from where it again turned around to $33.80 levels.

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