The MCX Silver December futures is likely to stretch the up move in the near term as key momentum oscillators remain in favour of the bulls.
The MCX Silver is likely to trade with a positive bias as long as the white metal trades above Rs 48,200-odd levels.
On the upside, Silver December futures can rally to Rs 50,000-mark.
Key momentum oscillators like the MACD, 14-day RSI and the Stochastic Slow are all in favour of the bulls for now.
Click Here for the daily support and resistance levels.
The MCX Silver is likely to trade with a positive bias as long as the white metal trades above Rs 48,200-odd levels.
On the upside, Silver December futures can rally to Rs 50,000-mark.
Key momentum oscillators like the MACD, 14-day RSI and the Stochastic Slow are all in favour of the bulls for now.
Click Here for the daily support and resistance levels.
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