SILVERM witnessed a sharp selling pressure in second half due to uncertain global cues - Swastika Investmart
DAILY COMMODITY MARKET UPDATES
NEWS IN HEADLINE
* Gold hits 3-mth high as Poland missile strike spurs safe haven demand
* Oil inventories drop by more than expected 5.8M barrels last week: API
* German Bundesrat clears state relief on gas prices
CHART OF THE DAY
SILVERM: SILVERM witnessed a sharp selling pressure in second half due to uncertain global cues , however 61800 is an immediate support level. On the upside 62000 is immediate resistance level. While above 62000 lead further strength towards 62200-62300 zone.
OUTLOOK:
* Bullion: Day trend is indicating to Uptrend in Gold &Silver.
* Energy: Day trend is indicating Downtrend in Crude oil & Natural gas
* Base metals: Day trend is indicating Sideways in all base metals.
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