What are the support and resistance levels for silver?
Using classic floor-trader pivots from the recent range, silver has support at ؋1,517 and ؋1,510, and resistance at ؋1,538 and ؋1,552, around a pivot of ؋1,531 per tola.
The detail
Pivot levels are arithmetic on the recent high, low and close — not predictions. They are useful mainly because many traders compute the same numbers, which can make them briefly self-fulfilling.
A level "holding" or "breaking" is only meaningful in hindsight. Treat these as reference points on a chart, not as thresholds that will be respected.
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