Life @ TradeIndia Research

Wednesday 24 August 2016

Silver Price Updates, MCX Support Level

"Silver is coming fast, the effect will not raise interest rates." Monday's turnover of Rs 1, even though silver has declined but in the long term bullish sentiment in silver have dominated. Federal Reserve to raise interest rates will not impact on silver prices.

Free Base Metal Tips MCX SUPPORT & RESISTANCE LEVEL
GOLD JUNE FUTURE
R2–31842,
R1 -31670,
S1-31070,
S2-30750,

SILVER JULY FUTURE
R2 –45440,
R1- 46140,
S1-44010,
S2-43540,

CRUDE OIL JUNE FUTURE
R2 –3290,
R1-3250.
S1-3150,
S2-3100,

COPPER JUNE FUTURE
R2 –326,
R1-320,
S1-314,
S2-310.

Industrial demand is growing

The solar industry is growing rapidly. Solar industry in total silver demand in 2016 is estimated at 13 per cent, similar Athanail silver oxide production is estimated at 25 per cent of the demand.

In the domestic market during the festive season

Silver starts the festival season demand in the domestic market is likely to grow. Silver is used for jewelery in India Upoyg. Also, silver demand is expected to grow in the global market. Signs of improvement in the US economy and China's silver demand Instriyl.
  • Prices can go up to 50 thousand 

No comments:

Post a Comment


Commodities are powered by Investing.com India