Silver Price Forecast: The technical set-up seems tilted firmly in favour of bearish traders and supports prospects for an extension of the ongoing depreciating move for the silver (White Metal). Hence, a subsequent slide below the $21.00 mark, towards challenging the YTD low around the $20.45 area touched on May 13, now looks like a distinct possibility.
Silver MCX Tips Blast – 56,800 To 59,135 = 2,300 Point Up, Seller Rona Mana Hai Trade With Neal Bhai (CFA)
Gold prices in India have corrected sharply from record highs hit earlier this month. In futures markets gold currently trades at ₹51,400 levels per 10 gram as compared to August 7 highs of ₹56,200.
Silver MCX 67500 To 73254 = 5754 Point Up
Gold MCX 51300 To 52100 = 800 Points Up
Gold Silver Tips Today – Spot gold was up 0.4 per cent at $1,936.64 per ounce by 0316 GMT (8:46 am in India). US gold futures rose 0.6 per cent to $1,943.20 per ounce.
Gold Silver Alert : The ongoing rally in the US Treasury market is fueling demand for gold, and silver, as US real yields – nominal US Treasury yields less inflation – continue to turn further negative.
Gold Silver Alert : Kal Gold Silver Down Open Hoga – Neal Bhai Reports
Silver MCX Report – घरेलू वायदा बाजार में बुधवार को सोने की कीमत (Gold Futures Price) में भारी बढ़ोत्तरी दिखी है। इस बढ़ोत्तरी से सोने का वायदा भाव रिकॉर्ड स्तर पर पहुंच गया है।
Investors are so concerned about the global outlook that worldwide holdings in gold-backed exchange-traded funds now stand behind only the official U.S. reserves of bullion after they surpassed Germany’s holdings.