Silver failed at 22.2 levels and retreated to 22.2-22 levels, the commodity may witness slight sell off at higher levels. Bullish scenario remains intact. RSI and Stochastic still shows a positive rally toward 23 levels. But several fundamentals may witness pressure in silver prices.
Support is seen at 22.70, 22.55 levels and resistance is observed at 23.15-23.45 levels. Traders are advised to go long (buy) till 21.75.
By John Godson
Support is seen at 22.70, 22.55 levels and resistance is observed at 23.15-23.45 levels. Traders are advised to go long (buy) till 21.75.
By John Godson
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