“Aluminum is used in the aircraft industry. Nickel in stainless steel and batteries for electric cars. Platinum in electronics (medicine, chemical industry). Palladium in electronics and the production of catalytic converters for cars. There are big risks with exports from the Russian Federation. Russia’s share in global aluminum production is 6%, nickel (high grade) – 22%, platinum – 15%, palladium – 45%,” Manturov noted, exploring investment opportunities surrounding a range of metals.
Silver Price Forecast: Technical Set-up Favors Bearish Traders
Silver Price Forecast: The technical set-up seems tilted firmly in favour of bearish traders and supports prospects for an extension of the ongoing depreciating move for the silver (White Metal). Hence, a subsequent slide below the $21.00 mark, towards challenging the YTD low around the $20.45 area touched on May 13, now looks like a distinct possibility.
Gold Price Intraday Technical Forecast By Neal Bhai [08-06-2022]
Gold Price Intraday Technical Forecast: The Intraday chart for the gold (Yellow Metal) shows that the price managed to bounce from converging 20 and 200 SMAs, at around $1,840 Technical indicators have turned marginally higher but without strength enough to confirm further gains, as the RSI is still below its mid-line.
MCX Weekly Research Report 06 to 10 June 2022 [Bullion Sell on Rise]
Top 5 Commodities MCX Weekly Research Report, 06 to 10 June 2022 Weekly, Monthly MCX Live Research Reports Released by Neal Bhai Experts Research Teams, India.