Commodity news today includes silver updates. It is very clear from the chart that MCX silver futures is not in good mood and trading flat. Buying momentum in silver could be expected only above the 55200. Our experts say that if prices break that level, it may even move towards the 56000.
MCX Silver fro may delivery opened on a quite note on Monday following the economic Asian cues. Commodities, specially copper and other base metals reacted negatively. Crude oil futures too went down.
Silver Commodity trend for further trading is expected to be range bound. If we talk about technical levels then support is marked near 54000 and resistance at 55200
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