Discover why MCX silver prices are surging past 98,500 on MCX and $33.50 in the spot market. Get insights into the exciting future targets for silver in this easy-to-read post!
Silver Market
Silver Market Longer-Term Bullish Bias Maintained | Neal Bhai
Silver Market Longer-Term Bullish: “Silver saw complete rejection from the 200-day ma and sold off aggressively towards the long-term pivotal support at $21.87/17. It is considered to be a major band of support. Given that the market has spiked down to this area and recovered we will for now maintain our longer-term bullish bias.”
MCX Silver Intraday Trading Zone ₹39400—₹39900, MCX Silver Daily Rang
Gold Silver Reports (GSR) – US initial claims for state unemployment benefits decreased 3,000 to a seasonally adjusted 218,000 for the week ended June 16, compared with the expected 220,000. Claims have now declined for four weeks in a row, pointing to a further tightening of the labour market.