mcx silver weekly-achieved 35400 tgt now 37k is strong resistance

mcx silver future weekly chart 9 april 2016 Mcx silver future this week closed with strong gains at 36670.   Mcx silver weekly price trend is down but momentum is on recovery side.   At month start with sharp fall silver achieved downside target of 35400 with low of 35419!   And taken support at it and moving towards major resistance of 37k.   Mcx silver trend change will happen above 37k on weekly closing till then it is just a technical bounce back rally.   On downside 35400 and 34k are support as well as target zones.

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Pramod Baviskar

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