MCX Silver is trading above the falling trend line resistance of the at the mcx live market index. A successive move above the middle band is supportive for higher price action. It is also expected to test the trend line resistance of the sideways channel. Support is at 54500 and 53000 levels and resistance 57000 and 58000 levels
MCX Silver (Mar) Buy in the range of 56000 - 55500 stop loss below - 54000 Target - 58000 / 59000. CMP 56000.
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