MCX Silver under short covering Resistance seen at 44094
India, Aug. 23 -- Technically Silver market is under short covering as market has witnessed drop in open interest by 0. 49% to settled at 12441 while prices up 80 rupees.Now MCX Silver is getting support at 43652 and below same could see a test of 43409 levels and resistance is now likely to be seen at 44094 a move above could see prices testing 44293.Silver prices edged higher as traders shifted their attention to the beginning of the Federal Reserve's annual Jackson Hole Economic Policy Symposium. The Fed minutes of the July meeting showed that the policy-making body discussed a 50-basis point cut but most viewed that as mid-cycle adjustment.Investors are waiting for a statement from Fed Chairman Jerome Powell in Jackson Hole on Friday as...
To read the full article or to get the complete feed from this publication, please
Contact Us.