mcx silver intraday

Silver opened at 1742/1746 in New York. After a slight drop to the low of 1739/1743, prices soared on the weak GDP data. The metal reached a high of 1790/1794 where it traded for a while before slipping over the next few hours. Silver eventually found support around 1771/1775 where it traded sideways before finally closing at that level. Now support for the silver is seen at 24370 and below could see a test of 24019. Resistance is now likely to be seen at 25028, a move above could see prices testing 25335.

Trading Ideas:

TRADING RANGE IS 24019-25330.
SELL SILVER BELOW 24680 SL 24720 TGT 24620-24580-24548. MCX
BUY SILVER @ 24200-280 SL 24080 TGT 24340-24400-24522-24670. MCX
SILVER BELOW 24000 IS BEARISH TILL 24680 LEVEL

MCXARUN
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