Weekly: Silver To Remain Range-Bound

MUMBAI (Commoditiescontrol) - Spot silver failed to stay above $15 per oz signaling sideways to range bound move going forward.

Resistance-15-15.10 and above 15.30.

14.70 and 14.50 will act as near term support.

MCX Silver---July-2019

Silver last week settled a tad weaker at INR 37360 per 10 gram. Silver may move higher initially towards 37600 levels and then to drop towards INR 37100-36800 levels going forward. For this week the trend in silver remains weak.

(By Commoditiescontrol Bureau)