mcx silver intraday

Silver opened at 1736/1740 and moved within a range during the early part of the session, climbing to a high of 1744/1748. This level was not sustained as base metals and oil both fell, dragging silver lower and triggering stops which pushed the metal to a low of 1687/1691. Silver quickly recovered from the lows as dealers bought, finally closing at 1713/1717. Now support for the silver is seen at 23649 and below could see a test of 23318. Resistance is now likely to be seen at 24472, a move above could see prices testing 24964.

Trading Ideas:

TRADING RANGE IS 23318-24964.
SILVER IS BELOW 17$ CAN FIND THE SUPPORT TILL 16.56$
WAIT FOR FRESH ENTRY AS BELOW 24000 MARK MARKET IS LOOKING WEAK AND BEARISH TILL 23360. MCX