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MTECHTIPS:-SILVER
The silver opened negative in yesterday’s session and corrected sharply in early session to test 54200 levels. But the commodity regained in final hours to close above 55000 levels. The commodity has very strong support at lower levels around 54700, any dip in the commodity below these levels will open up levels of 54200 in coming days. The commodity has a very strong resistance above 55500 levels, and if silver holds strongly above 55500 levels will open up 56200 levels.
The silver opened negative in yesterday’s session and corrected sharply in early session to test 54200 levels. But the commodity regained in final hours to close above 55000 levels. The commodity has very strong support at lower levels around 54700, any dip in the commodity below these levels will open up levels of 54200 in coming days. The commodity has a very strong resistance above 55500 levels, and if silver holds strongly above 55500 levels will open up 56200 levels.
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