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MTECHTIPS :- SILVER
The silver also witnessed profit taking in the last session, as the commodity dipped to test levels of 53500 and lower. The commodity has very strong support at lower levels around 53200 levels, any dip in the commodity below these levels will open up levels of 52800 in coming days. Silver has strong resistance above 54500, any sustained move above these levels in the commodity will soon open up 55000 levels. We may witness profit taking in at higher levels.
The silver also witnessed profit taking in the last session, as the commodity dipped to test levels of 53500 and lower. The commodity has very strong support at lower levels around 53200 levels, any dip in the commodity below these levels will open up levels of 52800 in coming days. Silver has strong resistance above 54500, any sustained move above these levels in the commodity will soon open up 55000 levels. We may witness profit taking in at higher levels.
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