MTECHTIPS

MTECHTIPS:- SILVER
The silver  witnessed  a session  of  consolidation as the commodity recovered some losses made on  Thursday  and consolidated on  Saturday. The commodity  has very strong support at lower levels around  53800 levels, any dip in the commodity below these levels will open up levels of 53000 in coming days. Silver has strong resistance above  54600, any move above these levels will open up 55000 levels. More consolidation may be seen at current levels.