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MTECHTIPS:-SILVER
The silver witnessed a session of sharp upside as the commodity after long consolidation in last few sessions, broke the glass ceiling in yesterday’s session. The commodity has very strong support at lower levels around 55500 levels, any dip in the commodity below these levels will open up levels of 55000 in coming days. Silver has strong resistance above 56400, any move above these levels will open up 57000 levels. Some profit taking may be seen at current levels.
The silver witnessed a session of sharp upside as the commodity after long consolidation in last few sessions, broke the glass ceiling in yesterday’s session. The commodity has very strong support at lower levels around 55500 levels, any dip in the commodity below these levels will open up levels of 55000 in coming days. Silver has strong resistance above 56400, any move above these levels will open up 57000 levels. Some profit taking may be seen at current levels.
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