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MTECHTIPS:-SILVER
The silver continues to be extremely volatile and the commodity in yesterday’s trade tested lower levels of 55500. Silver will now face stiff intraday resistance above 56500 levels. Weekly support is seen around 55500 levels and any dip below will open up levels of 55000. The commodity continues to be in a volatile range and has made life difficult for traders. If the silver holds the supports of 56400 in coming day’s further upside is possible.
The silver continues to be extremely volatile and the commodity in yesterday’s trade tested lower levels of 55500. Silver will now face stiff intraday resistance above 56500 levels. Weekly support is seen around 55500 levels and any dip below will open up levels of 55000. The commodity continues to be in a volatile range and has made life difficult for traders. If the silver holds the supports of 56400 in coming day’s further upside is possible.
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