- Silver weekly chart looks weak. Price has support at 26.02 Breaking below 26.02 will take silver to its weekly support line.
- Price has broken 100 Week SMA. Closing below this level will be bearish and price may target the golden ratio shown in weekly chart.
- MCX Silver chart is shown below this post.
- Hour chart shows price breaking down from consolidation patterns.
- Immediate resistance for Silver now is 523 - 528 level which was the last broken support level.
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