Silver Weakness below 41900 levels will push Silver prices lower towards 41749/41550 levels . Intraday pullback rallies will face strong resistance between 42300—42350 areas. Prices needs to show momentum above 42350 levels to rebound towards 42600/42650 levels.

  Silver on MCX settled down -0.24% at 42289 slightly dropped after hitting its highest since January 2015 last Friday on profit booking while outlook remain firm as gold prices approached new two-year highs in the wake of Britain’s vote to leave the EU.   

                                                In Bullion Complex Comex Gold rallied 8 percent to $1,358.20 at one stage on Friday, the highest price since March 2014, and ended up 4.8 percent, its biggest one-day gain since January 2009 as the British vote sparked sales of riskier assets. Britain's vote last Thursday to leave the EU continued to reverberate through financial markets on Monday, with the pound falling to its lowest level in 31 years, despite government attempts to relieve some of the confusion about the political and economic outlook. 

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