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Published on 20/10/2020 11:48:17 AM | Source: Kedia Advisory

Sell Silver Dec 2020 @ 62400 SL 63000 TGT 61700-61000.MCX - Kedia Advisory

Posted in Commodities Reports| #Commodity Tips #Kedia Advisory

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Silver

Silver trading range for the day is 60081-64287.

Silver rose as the dollar eased and investors watched the latest developments related to Brexit talks, U.S. stimulus negotiations and the coronavirus pandemic.

Further underpinning safe-haven demand for bullion were concerns surrounding fresh coronavirus-led restrictions in Europe as well as uncertainty over the U.S. elections.

Citi expects silver to rally to $40 over the next 12 months, on sustained investor demand and a recovery in industrial consumption in 2021.

India’s import of silver was 11.28 tonnes, down 96 per cent, y-o-y.

SELL SILVER DEC 2020 @ 62400 SL 63000 TGT 61700-61000.MCX

 

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