What are the support and resistance levels for silver?
Using classic floor-trader pivots from the recent range, silver has support at Rs5,092 and Rs4,815, and resistance at Rs5,521 and Rs5,673, around a pivot of Rs5,244 per sovereign (pavan).
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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