MCX Silver under long liquidation Resistance seen at 37415
India, April 18 -- Technically Silver market is under long liquidation as market has witnessed drop in open interest by 2. 25% to settled at 20940 while prices down 53 rupees.Now MCX Silver is getting support at 37057 and below same could see a test of 36905 level And resistance is now likely to be seen at 37415 a move above could see prices testing 37621.Silver on MCX settled down 0.14% at 37210 amid more positive developments in the Sino-U.S. trade talks. U.S. Treasury Secretary Steven Mnuchin said that Washington and Beijing might be close to the final round of their trade negotiations.Data showing that China s exports rebounded in March while new bank loans rose more than expected has helped to boost risk sentiment. Investors are also f...
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