MCX Silver Price Forecast: Fears surrounding the global economic slowdown, led by China’s covid woes and geopolitical tussles surrounding Europe, seem to weigh on the silver price. Also exerting downside pressure are the hawkish Fedspeak and firmer US data that underpin the market’s hopes of the Fed’s aggression towards raising rates despite recession fears.
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- Category : BULLION (Precious Metal)
- KG : 30
- Now a Days MCX Silver is highly traded commodity.
- MCX Silver has Value of ₹30 per 1 Points
Silver Price Forecast: Silver Hits New multi-month low, August 11.4% Fall
Silver Price Forecast: Spot silver entered new month firmly in red and hit new lowest in over two-years on Thursday, in extension of August’s 11.4% fall (the biggest monthly loss since September 2020).
Silver Forecast for Today: Daily Close Above $20.20 Needed For Silver to Move Up
Silver Forecast for Today: Silver price (White Metal) fades corrective pullback from the monthly low marked the previous day as it renews its daily bottom around $18.92 during Tuesday’s Asian session. In doing so, the bright metal justifies the downbeat oscillators while extending the six-day downtrend below a one-week-old descending resistance line.
Investment Demand to Lift India’s Silver Imports to Record High
India’s silver imports are set to triple in 2022 from a year ago to record highs after a dip in prices to 2-year lows spurred investors to bet that the metal was primed for a rebound and could outperform gold in the coming years.
MCX Bullion Forecast: Buy Gold on Any Correction (Big Target Jackpot Call)
बाजार अब फेड रेट में बढ़ोतरी की तुलना में मंदी के खतरे पर अधिक ध्यान केंद्रित कर रहे हैं, जो अमेरिकी डॉलर और कैप बॉन्ड यील्ड को कमजोर कर सकता है। एक अन्य कारक जो अमेरिका में मंदी के खतरे के साथ पनप रहा है, वह है यूरोप में संभावित संप्रभु ऋण संकट। पिछले हफ्ते ईसीबी ने 50 आधार अंकों की दर में बढ़ोतरी की घोषणा की और यह भी घोषणा की कि वह यूरोपीय बांड बाजार को खंडित नहीं करने के लिए परेशान देशों से बांड खरीदना जारी रखेगा। कोई भी संप्रभु संकट सोने की कीमतों को और बढ़ावा देगा।