Silver (01.04.2013) traded lower specially in mcx while comex silver was quite stable in mention range.
Now silver is trading around 53130 ($28.10) & as we can see on charts, not a single it provided a day close below $28.18 area but mcx silver was crashed ( may be low volume gambling). Whatever would be the reason but this saturday blast actually invalidated the technical objective. However holding above 78.6% feb correction level, last parallel support & indicators hint for a bounce in future but as mention in charts, until unless we are not getting a break above $29.42 area, the up move will be uncertain.
Based on above studies, we will prefer stay sideline till a clear view.
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