Gold Silver Reports — Technically Silver market is getting support at 39444 and below same could see a test of 39020 levels, and resistance is now likely to be seen at 40200, a move above could see prices testing 40866.

Silver on MCX settled up 1.83% at 39727 rallied in the line of expectation as mounting geopolitical tensions over North Korea’s launch of a missile that flew over Japan stoked demand for safe-haven assets, while weighing heavily on the dollar and equities.   

Geopolitical tensions running high after North Korea fired three short-range missiles into the sea Saturday amid U.S.-South Korea military drills. South Korea and Japan said the missile North Korea launched early on Tuesday landed in Pacific waters east of Hokkaido after flying over the northern Japanese island, in a sharp escalation of tensions on the Korean peninsula.

Also support seen after President Donald Trump said on Monday he hoped a government shutdown would not be necessary over his demand that the U.S. Congress fund his proposed wall along the southern border with Mexico.

Last week, gold prices ended higher in a volatile session on Friday, reversing earlier losses as the U.S. dollar weakened after Federal Reserve Chair Janet Yellen’s speech at Jackson Hole didn’t specifically address monetary policy.

Read More : Gold Spot Update and Reports 25 Aug 2017

Gold gained ground as the dollar fell after Yellen’s speech at the Jackson Hole economic symposium did not discuss the outlook for monetary policy, disappointing some investors who had hoped she would sound a hawkish tone.

The dollar index has fallen around 10% so far this year amid ongoing uncertainty over the economic agenda of U.S. President Donald Trump and doubts that the Fed will deliver a third rate hike this year. In the week ahead, investors will be focusing on Friday’s U.S. jobs report for August to gauge how it will impact on the path of Fed policy. — Neal Bhai Reports

Silver MCX Intraday Trading Zone Key 39444—40866 | Neal Bhai Reports | Gold Silver Reports