SILVER MCX MARKET UPDATE

Silver on MCX settled up 0.39% at 41068 as investors remained bullish on the precious metal while global bond yields and stocks continued to dip.

 

 Silver trading range for the day is 0504-41422.Investors continued to pile into safe-haven assets such as precious metals, as government bond yields worldwide tumbled to fresh record lows. Yields on the Germany 10-Year fell as low as 0.02%, as more than 75% of German government bond yields hovered in negative territory. 

 

At a closely-watched speech on Monday, Federal Reserve chair Janet Yellen credited a significant increase in consumer

 

Technically now Silver is getting support at 40786 and below same could see a test of 40504 level, And resistance is now likely to be seen at 41245, a move above could see prices testing 41422.    

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