The Commodity took a support near its support zone and a bounce back was seen in the commodity which led the commodity to move high. We have seen supply coming in the demand which has led the commodity push downside, a pullback is seen in recent times. There will be an opportunity to buy Silver for a minor move and again we might see the selling coming if the levels are not able to sustain. We will go long on the commodity if it is able to sustain above 22.70 for 2 consecutive days. We are expecting the pullback till 24.80-26.80 levels. If the commodity is not able to sustain the level mentioned above we might see selling coming in Silver.

As we are trading the Minor trend the Indicators wont be in our favour at the start of the trend, they will take time to be in the favour.
Maintain Strict SL if the above level is sustained.

Advice : Buy only if the mentioned level is sustained with a strict SL of 1%

Silver

KUNAL KAMBLE

Oct 05 2021

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