For near term, MCX Silver prices are expected to remain in sea-saw battle in given range due to lack luster demand and weak rupees prices. Till than Silver will stay in range of 63000-65000.
There is not much selling back on higher side but Buying is low in Indian market due to low consumption and investment demand.
According to analyst views, Fundamentals are expected to support Silver prices in coming days. Break out above 68000 will give buying momentum till 73000 in coming days. If prices failing downside by 60000 than see it as buying opportunity to earn profit till year end. Else overall trend is looking for year end.
0 comments:
Post a Comment