Silver prices continued to correct as ended the week on a negative note go-ing down by almost 2 % on weekly basis on MCX. Prices witnessed a low of Rs. 43010 per kg. on MCX for the last week while RSI on weekly charts moved below 50 indicating technical weakness in prices.
Going ahead prices might witness strong supports at 42980 per Kg. levels a break and success-ful close below which only prices might correct upto Rs. 42100 per kg. On the upside however prices might witness resistance at around Rs.44300 per kg. a break which only fresh uptrend could be established up to Rs. 45090 per kg. levels.