COMEX Silver is in an upward consolidation phase. Last week COMEX Silver was neither sustaining at higher levels nor at lower levels but was able to close above 4000$ an ounce. For this week 3780$ and 3600$ are the crucial supports and 4200$ and 4350$ are crucial resistance in COMEX Silver. In MCX Silver 61000 and 63000 will act as major resistance and 57000 and 55000 will act as major supports.
STRATEGY FOR MCX SILVER :-
Technically COMEX Silver is consolidating on charts. For this week traders can use buy on lower level strategy if Silver sustains above the level of 3800$ an ounce, then above 4040$ an ounce it can go up and can test the level of 4090$ an ounce and above 4150$ it can further move upwards and in MCX Silver above 60000 it can test the level of 60800 and 61500.
Trade by keeping the proper stop losses.
STRATEGY FOR MCX SILVER :-
Technically COMEX Silver is consolidating on charts. For this week traders can use buy on lower level strategy if Silver sustains above the level of 3800$ an ounce, then above 4040$ an ounce it can go up and can test the level of 4090$ an ounce and above 4150$ it can further move upwards and in MCX Silver above 60000 it can test the level of 60800 and 61500.
Trade by keeping the proper stop losses.
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