New Delhi: Silver prices on the Multi Commodity Exchange (MCX) are expected to move higher in the coming sessions, with market expert Neal Bhai projecting a potential target of 3,00,000+ levels in the near term.
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According to Neal Bhai, MCX Silver continues to trade with a positive bias, supported by firm global bullion prices, steady industrial demand, and ongoing geopolitical uncertainties.
“Silver is holding its gains well and the overall trend remains bullish. If global cues stay supportive, MCX Silver can move towards the 3,00,000+ zone very soon,” Neal Bhai said.
He added that expectations of softer US dollar movement and safe-haven demand are also lending support to silver prices. Market participants are closely tracking global economic data and central bank signals for further direction.
In the domestic market, MCX Silver has seen sustained buying interest, while technical indicators suggest the momentum remains intact. However, experts advise traders to remain cautious amid volatility and follow disciplined risk management strategies.
Silver prices are influenced by a mix of global factors including industrial consumption trends, inflation expectations, currency movements, and geopolitical developments.
❓ FAQs
1. What is the latest MCX Silver target given by Neal Bhai?
Neal Bhai has projected a 3,00,000+ target for MCX Silver in the near term.
2. What is supporting silver prices currently?
Firm global prices, safe-haven demand, industrial usage, and a softer US dollar are supporting silver.
3. Is the outlook for MCX Silver bullish?
Yes, the outlook remains positive, though short-term volatility may persist.
4. What factors impact MCX Silver prices the most?
Global bullion trends, US dollar movement, industrial demand, and geopolitical news impact prices.
5. Should traders be cautious at current levels?
Yes, experts advise proper risk management due to market volatility.
Disclaimer
This article is intended for educational purposes only. The views and opinions expressed are those of individual analysts or brokerage firms and do not represent the views of GoldSilverReports.com. Investors are strongly advised to consult certified financial experts before making any investment or trading decisions.
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