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MCX July Futures seems to have come out of negative bias and it witnessed some good rallies yesterday. However Today Comex Silver is trading lower in International market which afftected domestic market also. MCXSilver (July Futures) opened today at 53569 and currently trading negative down by 0.19%.

Apart from gblobal cues, technical levels which may affect the trend of silver are as below-
Resistance level- It has immeditae resitance in the range of 53750-53900 breaching through which will upthrust the positiveness.
If this precious metal sustains above 53900 consistanetnly, we can expect prices to touch 55000 soon.
Support level- can be seen near 53000 level braching which may cause silver to crash down to 52500 -52000 level.


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