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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