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SILVER

Silver prices edged higher in last trading session after prices broke the strong resistance zone of 66500 level and rallied higher up till 67300 level on intraday basis. Overall trend is looking positive for prices as it is trading above 9 and 20 days EMA and RSI is also above 60 level indicating high momentum in prices. Traders can use dips as an buying opportunity around 67000 level for the target of 67300 level on intraday basis.

BUY SILVER AROUND 67000 SL BELOW 66700 TGT 67300/67600

NICKEL

Nickel prices drifted lower in last trading session after prices failed to sustain higher near 1200 level and crashed down till 1145 level on intraday basis. Oveall trend is looking sideways to negative for prices as long as price is not able to break 1210 level on hourly closing basis. Any rally towards 1186 level can be used as an selling opportunity for the target of 1192 level on intraday basis.

SELL NICKEL AROUND 1196 SL ABOVE 1200 TGT 1192/1187

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