OVERALL COMMODITY TREND YESTERDAY (6th May) :-
From palm to crude oil, rubber to gold, the commodities universe had one of its worst days on record on Thursday, engulfed by an unprecedented wave of selling. Crude oil fell a record $12 a barrel while silver saw its biggest one-day fall in 31 years.
MCX SILVER TREND TODAY (7th may) :-
The Silver is in long- term bull phase .Currently Silver is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend The Silver is now trading in overbought level. The oscillator is showing SELL signal For short term Silver is in SELL position
SILVER SUPPORT AND RESISTANCE :-
Support for the Silver is 52236
Resistance for the Silver is 55549-59242-63799-65008-66038
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