MCX SILVER MARKET UPDATE

Silver on MCX settled up 1.43% at 39079 amid a broadly weaker dollar, as markets largely ruled out a summer interest rate hike from the Federal Reserve following a dismal U.S. jobs report. 

 

Silver trading range for the day is 38180-39740. The U.S. Department of Labor's Bureau of Labor Statistics (BLS) said nonfarm payrolls in May rose by 38,000, less than a quarter of expectations for monthly job gains of 158,000. 

 

   Technically Silver is getting support at 38629 and below same could see a test of 38180 level, And resistance is now likely to be seen at 39409, a move above could see prices testing 39740.content this no 9827808090.

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