Overall trend of the MCX Silver is bearish for medium-long term .Currently MCX Silver is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the MCX Silver. The oscillator is showing BUY signal For short term MCX Silver is in HOLD LONG position.
MCX SILVER SUPPORT AND RESISTANCE :-
Support for the Silver is 53668-52585-52254-51965
Resistance for the Silver is 56773-57105
MCX SILVER TIPS :- (CLICK to get on mobile )
Buy is advised above 55423.5 with a stop at 54338.7
Below 54050.8 go for sell with a stop at 55134.5
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