VIEWS ON SILVER AFTER IMPORT DUTY REDUCTION

 VIEWS ON SILVER 

SO AS We See The Fall After Custom duty Reduced By 6% in Both GOLD & SILVER 

So Lets Understand HOW TECHNICAL STRUCTURE Are Looking Right Now & What can be Possible Here for Next Few Days 

so lets see how charts are looking at this point of time and what we are the possibility 

SILVER - lets first talk about the Silver Comex 

weekly charts view as we see from May onwards SILVER  Moving in a range of 26$ to 32$

and from may 1st to 20th may it rallied 20-21%  upside 

and again after 20th may it slumps to 29$ 

and from 26th june it started rallying and made 31.5$ high on 10th July 

and before Budget we can see a slight sell off if you look at the chart and then in budget import duty reduced and now we are here at 

28$ (budget impacted only MCX prices)

so if you can understand the technical then you can see the pattern on upside & downside on this chart 

so lets come to the point 

MAJOR SUPPORT HERE IN SILVER COMEX ARE 27.5$ AND 26$ (which is MULTIYEAR SUPPORT) 

BIASED VIEW LOOKING AT TEACHNICALS IS SELL SIDE 

NOW Lets talk about SILVER MCX here 

So Right Now What we should looking is comex prices movement because after import duty reduction mcx levels wonts make any significance here 

but still here ARE SOME MAJOR SUPPORT in SILVER MCX AT 80000 & 78000(very important support for bulls to hold )