Ahmedabad (Commodity Online) : White metal is moving heavenly from past various sessions on positive US data and available liquidity in the sector, as various central banks are easing there monetary policies.
Silver spot is having range bound movement after closing at 33.167 yesterday. Intraday support is looking around 32.9, if it is able to stay above this ceiling bounce back may come any time, with latest resistance near 33.36. If prices are able to close above 33.39 we can see the level of 33.7 to 34 in coming 1-2 sessions.
MCX Silver March contract opened at Rs. 56520 and remained range bound in after noon session, but break the important level of Rs. 56720 therefore, it will remain positive for the day with target of Rs. 57200 to Rs. 57600.
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