MCX Silver has been reached in at upper trend since the last six weeks making Higher tops and higher bottoms. The price is making an upward sloping trend which is providing a trading band for the price.period RSI is currently above the level of 50 which indicates strength in the price.
So that, Silver looks best future gains and buying on dips would be advisable.
Strategy - Go long on dips towards Rs.52,300-Rs.52,500 levels, Target Rs.55,400, with the stop loss closing below Rs.51,200 level.
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