I had clearly mentioned the resistance of silver comes at 56849-56900 and if trades below 55925-55763 it will drag down to 55121-54750.
Verify it made a high of 56940 failed to stay above the resistance of 56849-56900 and finally a break below 55925 it rushed to the indicated levels of 54750. This important support was not breached for entire 1 hrs trade it made a low of 54755 and continuously traded above it holding it for a long time.
Finally the sentiments of Europe concerns helped in breach of the level of 54750 making a low of 53876.
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