Protected: Massive Rally in MCX Silver Next Week, Target 5,000 Points
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Precious metals speculators yet again increased their net long positions in the Silver (XAG/USD) futures markets sharply last week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Silver futures, traded by large speculators, hedge funds and retailers, totaled a net position of 62198 contracts in the data reported through September 24, 2024. This was a weekly gain of 4000 net contracts and took net longs to four and half year high.
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MCX Silver Tips [12 September, 2024]: As Expected MCX Silver Kiss High 87,300. My Final Target is Rs. 86,550. White Metal fully target hit.