(Commodity Online): Silver futures for March delivery on India’s Multi Commodity Exchange (MCX) is negative and expected to continue with the trend during the intra-day trade as a result of selling pressure in the international market and Indian rupee appreciation against US Dollar.
“For intra-day, support is there at 55000 while 558000 is the resistance. If futures break 55000 level, then it is expected to move towards 54500 and below this level it may touch the level of 54300,” said Amrita Mashar, Research Analyst at Commodity Online.
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