Gold Silver Reports — Silver on MCX settled down -1.35% at 38052 adding to overnight losses after the Federal Reserve left the door open to raising interest rates in June.
Analysis
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Crude MCX Under Selling Support Key Level at 2817
Gold Silver Reports — Technically Crude oil market is under fresh selling as market has witnessed gain in open interest by 18.97% to settled at 24371.
Silver MCX Strong Support Key Level at 37700
Gold Silver Reports — Technically Silver market is under fresh selling as market has witnessed gain in open interest by 8.79% to settled at 19400 while prices down 492 rupees~.
Gold MCX Under Fresh Selling Below 28370
Gold Silver Reports — Technically Gold market is under fresh selling as market has witnessed gain in open interest by 6.92% to settled at 5595 while prices down 110 rupees.
Natural Gas MCX Trading Zone at 198—215
Gold Silver Reports — Technically Natural Gas market is getting support at 202 and below same could see a test of 198 level, And resistance is now likely to be seen at 212, a move above could see prices testing 215.
Silver MCX Intraday Trading Zone 40610—41490
Gold Silver Reports — Technically Silver market is getting support at 40870 and below same could see a test of 40610 level, And resistance is now likely to be seen at 41325, a move above could see prices testing 41490.
Silver Production Guidance of 11.1 – 12.4 Million Ounces
Gold Silver Reports — First Majestic Silver Corp- 2017 silver production guidance of 11.1 – 12.4 million ounces, or 16.6 -18.5 million silver equivalent ounces.