Commodity updates – Silver prices to move higher towards 39730 levels

According to Choice Equity Broking , For now we expect prices to move higher towards 39730 levels in few trading sessions.

 MCX Silver Tips –  Silver prices are trading above its trend line support. On the other hand, MCX Silver prices are trading above its 100 HEMA which indicates positive confirmation to the prices. Furthermore, on Daily chart Counter has taken support at 61. 80% Fibonacci retracement. Moreover, momentum indicator RSI is trading above 50 levels on hourly chart.

Outlook – For now we expect prices to move higher towards 39730 levels in few trading sessions.

Read More – Commodity Updates

 

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