MCX Silver Daily Charts
Silver managed to breach above 2015 high and traded above 40635 for sometime. However on last Friday moved back below 2015 year high with sharp downside which makes the trading sentiment to turn negative on both daily and weekly timeframes.
For this week MCX Silver is expected to trade weak with few more selling pressure with immediate resistance comes around 40530 zone. Post the Fridays price action volatility in the silver is increased and more volatility is expected in the upcoming trading sessions.