Gold Silver Reports — Silver futures witnessed a mild recovery from lows under $17 per ounce a rebound in Gold futures and a strong undercurrent in Copper prices kept the metal supported.
COMEX Silver had extended a drop from near four month high but losses were curbed as traders eyed the strong demand conditions. The silver demand for solar panels is growing and is likely stay firm in coming months.
Global Copper futures are holding on following strikes in major mines. COMEX Silver has edged back above $17 as a result of these factors and should stay supported in near term. MCX Silver futures witnessed an excellent rebound from lows near Rs 40000 per kg with a strong support emerging from good Silver import figures. — Neal Bhai Reports
SILVER FORECAST: SUPPORTED ON INDUSTRIAL DEMAND | Gold Silver Reports
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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600