Commodity Silver Tips Today

The present trading set up looks to be bullish towards  54500/56000 or even more, but early attempts to evolve into a rally  targeting the same are expected to face stiff resistance at 53000, which if unsuccessful would diffuse the buying momentum and the  trend looks for a dip lower towards 50700 then towards 49800 levels for the day. However major falls are anticipated only a close below the strong support of 49000.