Silver yesterday witnessing sharp selling pressure from resistance 58000 levels - Swastika Investmart
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Daily Commodity Market Updates
News in headlines:
* Oil Heads for Weekly Losses on China COVID Woes, U.S. Supply Glut
* Chances for late-Oct U.S. hurricane falling, forecasters say
* Oil slides as U.S. crude and gasoline stocks surge
Chart of the day:
SILVER: SILVER yesterday witnessing sharp selling pressure from resistance 58000 levels, on the upside it has an immediate resistance of 57500, on the downside below 56250 it may head toward 56000-55700 levels. Traders are advised to stay with the momentum.
Technical View:
* Bullion: Day trend is indicating to sideways in Gold & Silver.
* Energy: Day trend is indicating sideways in Crude oil & Natural gas.
* Base metals: Day trend is indicating sideways to upside in all base metals.
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