RSI on daily chart is also below 60 levels indicating low momentum in prices.
If prices are not able to sustain above 39,850 levels, then prices could drift towards 39,000/39,300 levels which is the next intermediate support level of silver.
Fundamentally speaking US dollar has strengthened on account of Trump taxâ€“ cut plan which can be negative for silver prices.
- Save upto Rs.2.67 lakh with Pradhan Mantri Awas Yojana ...Know more
- Now Save Rs.3150 on your Demat Account ...Click here
- Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
- Get the most detailed result analysis on the web - Real Fast!
- Actionable & Award-Winning Research on 500 Listed Indian Companies.