Below are Views On Silver price are up around 8 percent in the international market By Mr. Anuj Gupta- DVP- Commodities and Currencies Research, Angel Broking Ltd
On Monday, Silver price are up around 8 percent in the international markets currently trading at $28.56 per Oz. Gold prices also trading on a positive note at 49560 levels up by 0.47% levels. This rally in silver prices is on account of social media posts urging retail investors to buy silver mining stocks and iShare silver trust, an exchange traded fund backed by silver holdings , leading to retail frenzy, in turn rising prices for the silvery metal
Weakness in dollar and no concrete signs of the additional $1.9 trillion virus relief fund by US further weighed on Gold. As of today Traders can go for buy in Gold at 49300 levels with the stop loss of 49000 levels for the target of 50000 levels. They can also for buy in Silver at 72000 levels with the stop loss of 70500 levels for the target of 74500 levels. In international market gold may test $1900 levels and silver may test $30 levels very soon.
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