A sharp decline was seen in Silver earlier which now has been recovered after traders took a buying interest at lower levels. On MCX, December contract of silver commodity is trading above 53150. Now an upside momentum could be seen above 51200 which might last till 53500-53700 for the day. But inability to sustain above 53000 can exert a selling pressure in this precious metal and Silver can slip below 52700 level.
So traders can go for buy above 53200 for the targets of 53350-53500-53700.
So traders can go for buy above 53200 for the targets of 53350-53500-53700.
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