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Commodity Tips Live

Silver looking good for buy from the level of 56220. Spot silver prices declined around 0.7 percent on Monday on the back of weak sentiments in global markets. However, weakness in the US dollar index cushioned sharp declined in the white metal prices. Silver touched an intra-day low of $ 31.28/oz and ended its trading session at $ 31.5/oz yesterday. MCX Silver May contract declined slightly by 0.1 percent and touched an intra-day low of Rs. 55,601/kg on Monday.

Buy Silver
At - 56225
for the Target of - 56330 & 56515
with Stop Loss - 59990

Get Commodity Tips here.

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Gold Live Trend MCX gold and silver are trading lower in early morning trade on Monday with the US dollar showing strength against the Indian Rupee. MCX silver May contract is trading at Rs 55,590, down 0.39% as of 10:48 AM IST while MCX gold June contract is trading down by 0.33% at Rs 28,493 At the COMEX, both gold and silver contract are also trading in the red. Meanwhile, the Indian Rupee also weakened against the US dollar, climbing by 0.14% to 51.665. Base Metal Live London Metal Exchange base metal prices showed a mixed trend on Friday. Aluminium Alloy, Nickel and Tin prices gained on Friday while all other metal prices futures headed in negative direction. LME copper fell by 0.18% to $8165 a metric ton on Friday after data showed China's economy grew slower than expected in the first quarter, reviving doubts about second-quarter demand from the world's biggest copper user. LME Price Highlights: --Aluminium alloy advanced 0.76% to $1965 a metric ton --Aluminium dipped 1....