MTECHTIPS:-SILVER
Silver witnessed strong up move in yesterday’s session, and the commodity closed above the 56500 mark. The commodity in coming sessions has strong support at lower levels around 56000. Any dip in the commodity below these levels will open up levels of 55600 and lower in coming days. Silver has strong resistance above 57200 levels and if it manages to hold above these levels we may soon test levels of 58000. Outlook remains positive.
Silver witnessed strong up move in yesterday’s session, and the commodity closed above the 56500 mark. The commodity in coming sessions has strong support at lower levels around 56000. Any dip in the commodity below these levels will open up levels of 55600 and lower in coming days. Silver has strong resistance above 57200 levels and if it manages to hold above these levels we may soon test levels of 58000. Outlook remains positive.
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