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MTECHTIPS:-SILVER
The silver witnessed some selling around 55500 levels after a positive start and closed flat with supports seen around the 55000 mark. Strong resistance in the commodity comes above the 55600 levels, and if the commodity manages to breach and hold above these levels we may witness silver testing 56200levels also. Trend is weak and if the commodity dips below 55000 levels more downside testing levels well below 54000 may also be seen in the markets.
The silver witnessed some selling around 55500 levels after a positive start and closed flat with supports seen around the 55000 mark. Strong resistance in the commodity comes above the 55600 levels, and if the commodity manages to breach and hold above these levels we may witness silver testing 56200levels also. Trend is weak and if the commodity dips below 55000 levels more downside testing levels well below 54000 may also be seen in the markets.
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