MCX Silver under long liquidation Resistance seen at 41534
India, March 30 -- Technically Silver market is under long liquidation as market has witnessed drop in open interest by 3. 56% to settled at 4039 while prices down 428 rupees.Now MCX Silver is getting support at 40314 and below same could see a test of 39733 levels and resistance is now likely to be seen at 41534 a move above could see prices testing 42173.Silver yesterday settled down by 1.04% at 40894 as investors booked profits despite record high U.S. jobless claims due to the coronavirus fuelled hopes for more stimulus to stem the economic damage caused by the pandemic.The $2 trillion U.S. stimulus package is expected to be voted by the House of Representatives and Federal Reserve Jerome Powell while conceding the U.S. "may well alread...
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