MTECHTIPS

MTECHTIPS:-SILVER

The silver  witnessed  a day of up move as the commodity gained taking support at lower levels. The commodity has very strong support at lower levels around 53700 levels, any dip in the commodity below these levels will open up levels of 53000 in coming days. Silver has  strong resistance above 54800, any sustained move above these levels in the commodity will soon open up 55200 levels. We may witness profit taking in at higher levels.