MCX Silver under long liquidation Resistance seen at 44441
India, Nov. 26 -- Technically Silver market is under long liquidation as market has witnessed drop in open interest by 4. 46% to settled at 8220 while prices down 243 rupees.Now MCX Silver is getting support at 44042 and below same could see a test of 43847 levels and resistance is now likely to be seen at 44441 a move above could see prices testing 44645.Silver on MCX settled down 0.55% at 44237 as Sino-U.S. trade negotiations continued to send conflicting signals to the markets. Chinese President Xi Jinping said that China has been ?working actively to try not to have a trade war.Xi and his U.S. counterpart Donald Trump both expressed a desire to sign a phase one trade deal. However Reuters reported that the signing of the deal might be d...
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