Silver on MCX settled up 0.07% at 45638 recovered from day’s low as investors digested the release of a host of U.S. economic data. Data released earlier showed that retail sales in the U.S. declined for the first time in five months, fueling concerns over the economic outlook.

1. Silver trading range for the day is 44872-46454.

2. Silver recovered to end with gains after prices slipped as the dollar and equities edged upwards, curbing the metal's demand ahead of Fed meeting.               

3. The Commerce Department said that retail sales dropped 0.3% from the prior month, compared to the forecast for a decline of 0.1%.              

4. Technically market is getting support at 45255 and below same could see a test of 44872 level, And resistance is now likely to be seen at 46046, a move above could see prices testing 46454.

    

   For More Information Free Stock Tips, Mcx Tips, Commodity Market Tips, Intraday Trading Tips, Free Equity Tips on Mobile and you can call us on :-9827808090.