Silver Sep MCX:

Prices are witnessing intraday major support around 53000. Any sustainable trade above the same might pressurize prices to test 50509 then 53860 levels. On other hand if it fails to hold support level of 53000 then we may see sharp fall up to 52730/52560 levels. Overall expecting prices to trade higher side and recommend holding long positions…CMP 53270

Silver Update  07:30 PM :

Prices are witnessing a strong support near 53000 levels. Sustained trades above the same it is likely to resume its uptrend Resistances : 53260/53510. . Break and Sustains below the same  may witness Supports are seen at 52840/52610. CMP 53080

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