MCX SILVER Technical Trend
MCX SILVER last week continued its bear trend and tested its deeper support level and found support of psychological level i.e. 53000. Now, if this bearishness continues then it may found support around 51700. On higher level some correction may lead it towards the resistance of 55300.
Better strategy in MCX SILVER at this point of time is to sell below 53000 for the target of 51700, with stop loss of 54500.