Silver Market Longer-Term Bullish Bias Maintained | Neal Bhai

MCX Silver Tips: Buy MCX September Silver Futures at Rs 81,200—81,000 with a stop loss

Silver Market Longer-Term Bullish: “Silver saw complete rejection from the 200-day ma and sold off aggressively towards the long-term pivotal support at $21.87/17. It is considered to be a major band of support. Given that the market has spiked down to this area and recovered we will for now maintain our longer-term bullish bias.” 

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Gold Prices in India Move into Discount for First Time This Year

Physical gold prices in India moved to a discount over official domestic rates for the first time this as covid-related restrictions impacted retail demand. Dealers were offering a discount of up to $2 an ounce this week over official domestic prices, Reuters reported, as compared to previous week’s premium of $2.

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