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MCX Silver trend is consolidate. Silver trend on International market was down yesterday. MCX SILVER December contract was trading at Rs 55350.00 down Rs 496.00, or 0.89%. It touched an intraday high of Rs 55685.00 and an intraday low of Rs 55126.00. So far 12646 contracts have been traded.
MCX SILVER SUPPORT AND RESISTANCE
SUPPORT :- MCX silver first support is at 53,700, second support is at 51,400
RESISTANCE :- MCX silver have first resistance at 58400 and second resistance is at 60600
MCX silver Tips :- Since MCX silver is surrounded by international effects, strategy for MCX silver can be BUY on lower levels.
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