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MTECHTIPS:-SILVER
The silver continued its range bound move between 56000-54000. Silver witnessed selling pressure at higher levels and dipped yesterday to close with losses for the day. Strong resistance in the commodity comes above the 56200 levels, and if the commodity manages to breach and hold above these levels we may witness silver testing 56600 levels also. Trend is weak and if the commodity dips below 55000 levels more downside is possible.
The silver continued its range bound move between 56000-54000. Silver witnessed selling pressure at higher levels and dipped yesterday to close with losses for the day. Strong resistance in the commodity comes above the 56200 levels, and if the commodity manages to breach and hold above these levels we may witness silver testing 56600 levels also. Trend is weak and if the commodity dips below 55000 levels more downside is possible.
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