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MTECHTIPS:-SILVER
The silver continued the sharp recovery started on Thursday, as the commodity gave a V shape rally to close with strong gains. Silver has recovered strongly and holding above 55000 levels may help in reversing the negative trend. The commodity has very strong support at lower levels around 54000, any dip in the commodity below these levels will open up levels of 53200 in coming days. Silver has strong resistance above 55100, sustaining above we may test 55500 soon.
The silver continued the sharp recovery started on Thursday, as the commodity gave a V shape rally to close with strong gains. Silver has recovered strongly and holding above 55000 levels may help in reversing the negative trend. The commodity has very strong support at lower levels around 54000, any dip in the commodity below these levels will open up levels of 53200 in coming days. Silver has strong resistance above 55100, sustaining above we may test 55500 soon.
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