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The Silver is in perfect uptrend .Currently Silver is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Silver is in SELL position
SILVER TECHNICAL LEVELS TODAY :-
MCX SILVER TREND :- Consolidate
Resistance 2 :- 62,400
Resistance 1 :- 60,900
Support 1 :- 58,400
Support 2 :- 56,300
Silver trading strategy :- BUY on dips
MCX SILVER TIPS FOR TODAY :-
MCX Silver September: `Buy` above 59,500 levels with a stoploss placed above 58,450 levels for targets of 61000 levels. (short term)
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