mcx silver intraday

Silver is actually showing a minor up week, following an aggressive two week down move that brought the unit from 19.47 to 16.84. The overall technical picture remains bearish, with the sell level now seen at 18.00. A break of the 200 day ma will lead to initial support at 16.00, from the April low, followed by 15.20, the January reactionary low. Now support for the silver is seen at 24158 and below could see a test of 23837. Resistance is now likely to be seen at 24753, a move above could see prices testing 25027.

Trading Ideas:

TRADING RANGE IS 23837-25027.
BUY SILVER ABV 24510 SL 24450 TGT 24570-24610-24650. MCX
SELL ONLY BELOW 24250 SL 24320 TGT 24180-24150-24080. MCX


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