SILVER 1 KG MCX
- MCX SILVER moving up from strong 38.2% fibonacci retracement support zone, this indicates as long as it holds above silver will favor bulls.
- But if Silver closes below 38.2% fibonacci retracement support then silver can see a slide and will find next support zone around 50% fibonacci retracement.
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- Daily chart also indicates silver is moving up from strong 50 days moving average support , as long as it holds above silver will favor bulls.
- If Silver moves up from current levels then will find strong resistance around 44800, 45050, 45400, 46400 as shown above, We can see some buying once silver closes above its resistance as mention above. Close Watch.
- Click here to see all the trading reports (trading tips) published by us on MCX SILVER 1 KG (as per technical analysis point of view).
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