Overall MCX Silver Trend is bearish for medium-long term .Currently MCX Silver is in downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is showing BUY signal For short term MCX Silver is in HOLD LONG position
MCX SILVER SUPPORT AND RESISTANCE :-
Support for the MCX Silver is 53721-52634-51910-51166
Resistance for the MCX Silver is 56744-57319
MCX SILVER INTRADAY TREND :-
Buy is advised above 55098.4 with a stop at 53526
Below 53075.2 go for sell with a stop at 54645.8
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