Silver Consistent trades below the support of $21.50 - Geojit Financial
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/07/5f32cdc508f907d448ef8add8b9bfde1.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Silver
Outlook
The broad—based selloffs in industrial metals coupled with a strong US dollar continue to hit the demand of the commodity. Higher US treasury yields and more interest rate hike expectations from Central banks due to higher inflation also limiting its safe haven appeal. Moderate physical demand from top consumer like China is the other reason to dent upside potentials. However, any turnaround in global industrial activities may pick up some demand in the near future.
COMEX: Consistent trades below the support of $21.50 more liquidation pressure in prices can be seen. However, recovery upticks are expected only a close above $24.
MCX: Inability to move past Rs 64000 bearish outlook to be continued. However, a weak domestic currency would dent major weakness in prices.
To Read Complete Report & Disclaimer Click Here
For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer
SEBI Registration Number: INH200000345
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/jul04v89_Wex0B3E.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/religare broking.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/HDFC Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Zomato07.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Piyush Goyal07.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/jul04v38_zDiylqc.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Prashant Thakur ANAROCK Group.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/jul03v152_BhgJWbe.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Shrikant Chouhan.jpg)