MTECHTIPS MCX SILVER INTRADAY trading tips 05-06-2017

MTECHTIPS MCX SILVER INTRADAY trading tips 05-06-2017
MTECHTIPS Mcx silver future in month of May closed at 40016 with gain.
This was first gaining month for silver prices after last 2 months complete
selloff. In this month prices taking support around 38000. This month silver
future recorded low at 37725 while high was around 40470. Total 2750 rupee or 8% range and strong positive closing for month. For month of June 2017, mcx silver future outlook remain bullish above 39400 support level. Daily chart price pattern and indicators are bullish but suggesting upside for this precious metal in June series. Above 39400, mcx silver will remain buy on dips and expect
positional targets around 41000 and then 42150. Below 39400 on daily closing
basis, trend will change and downside might be expected towards 38300 to 36700. Bullion Commodity traders above 39400 keep buying view with
stop loss below major bottom of 38500 rupees and keep targets at 41000 and then 42150 for month of June 2017. From long term view, silver future given bearish breakdown below 40500 and hit low at 37725 and now heading towards 40500 for long term bullish breakout.