Overall trend of the Silver is bearish for medium-long term .Currently Silver is in strong uptrend but volume is unsatisfactory The open interest is not increasing with trend .. The oscillator is showing SELL signal For short term Silver is in HOLD LONG position.
SILVER SUPPORT AND RESISTANCE :-
Support for the Silver is 55269-55064
Resistance for the Silver is 57535-58373-59268-59336
SILVER TRADING STRATEGY :-
Currently Silver is in HOLD LONG position Silver is in sideways but the trend looks weak so better buy above 62384.0 or hold with stop at 56591.0 Yesterday the selling was with volume so risk takers can go for shorting at current rate with stop at 62384.0 The oscillator is showing SELL signal. (Short term )
Traders and investors are advised to play with proper strategies and strict stoploss.
Market will start its recovery from tommorow,
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