Spot silver has witnessed profit booking at higher levels. The commodity also witnessed sell off at 25 levels. The resistance at 25 levels is still strong and yet to be broken. 24.80-25.00 is a key horizontal resistance area, as price formed a bearish shooting star candlestick pattern, hinting a downside reversal, where the bearish scenario continues to be favored.
Support for the commodity is seen at 23.65, 23.30 levels and resistance is seen at 24.1, 24.4 levels. Traders are advised to stay on selling side
Support for the commodity is seen at 23.65, 23.30 levels and resistance is seen at 24.1, 24.4 levels. Traders are advised to stay on selling side
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