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MTECHTIPS:- SILVER
The silver opened negative in yesterday’s session and continued the downtrend testing 54000. The silver is trading in a weak zone and trying to take support at lower levels. The commodity has very strong support at lower levels around 53700, any dip in the commodity below these levels will open up levels of 53400 in coming days. The commodity has a very strong resistance above 54600 levels, and if silver holds strongly above 54600 levels will open up 55000 levels.
The silver opened negative in yesterday’s session and continued the downtrend testing 54000. The silver is trading in a weak zone and trying to take support at lower levels. The commodity has very strong support at lower levels around 53700, any dip in the commodity below these levels will open up levels of 53400 in coming days. The commodity has a very strong resistance above 54600 levels, and if silver holds strongly above 54600 levels will open up 55000 levels.
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