The MCX Silver December futures continue to remain in consolidation mode.
The overall trend for Silver suggest that the December futures may move in a broad range of Rs 47,000-51,500 in the short-to-medium term.
Key momentum oscillators on the daily charts are in favour of the bears, while select momentum oscillators are turning positive on the weekly charts. Hence, we may witness a two-way movement on the Silver in the near term.
Click Here for the daily support and resistance levels.
The overall trend for Silver suggest that the December futures may move in a broad range of Rs 47,000-51,500 in the short-to-medium term.
Key momentum oscillators on the daily charts are in favour of the bears, while select momentum oscillators are turning positive on the weekly charts. Hence, we may witness a two-way movement on the Silver in the near term.
Click Here for the daily support and resistance levels.
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