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 tax– 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.