MCX:

SILVER IS TRADING @ 49,950 CMP..........

CHARTS INDICATE BEARISH PATTERN BELOW 49,300

IF IT IS UNABLE TO SUSTAIN ABOVE THE SAID LEVEL OF 49,300 THEN WE MAY SEE SILVER HEADING TOWARDS SOUTHERN.

BREAK ABOVE 50,750 MAY PUSH SILVER IN POSITIVE ZONE & IT MAY HEAD TOWARDS 52,000 TO 55,000

BREAK BELOW 49,300 MAY PULL SILVER IN NEGATIVE ZONE & IT MAY SHOW NEW LOW BETWEEN 42,000 - 44,000.