SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-45000 R1-43500 S1-40500 S2-39000
Overall trend of the Silver is bearish for medium-long term .Currently Silver is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The Silver is now trading in oversold level. The Silver is now trading in oversold level. The oscillator is showing SELL signal For short term Silver is in SELL position.Positionally Immediate support for Silver is 41613.Resistance for the Silver is 43008-43072-43091-43417-43995-44178-
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