Is MCX Silver Going Below 60K

Huge sell off seen on SilverFeb intraday, more than 7% price drop from it’s previous close. The way it’s coming down this time silver would go below 60000?

Traders are busy today with high volatile on silver movement. In todays trading session there seems huge selloff which means there is less demand and high supply. This might drag more in silver price in coming trading session. As per RSI and chart silver price might go below 60000 this time. The perfect and strong support will be around 57500.


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