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Wednesday, October 12, 2016

SILVER UPDATES FOR OCT 12 2016

WEDNESDAY



TRADING LEVELS FOR EVENING SESSION



MCX   SILVER



SUPPORT                     41743                          41560                   41330
  



RES                                42270                         42570                       42840


WAIT FOR CONFIRMATION


Silver  under strong pressure in face of a strong dollar .


 The precious metals are weighed down by a solid rally in the U.S.


 dollar index, which hit a seven-month high 


The minutes from the FOMC meeting expected today which will have a bearing on bullions .

Currently trading at Rs  42115


Immediate resistance seen at Rs 42150


And support now seen at Rs 41700



We will update as and when any movement is seen  .


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