Commodities

Gold and Silver

<p>Silver MCX prices made a higher low, similar to what they have done on the spot dollar price, and remained above the 20 day moving average which is the key support at 67,062. Minor wave iii of iii of 3 up should be next and should again attempt to go back to the recent high of 74,426. We may face resistance at the upper Bollinger band near 71,034. Wave 3 = 1 = 78,800</p>
<p><img src="https://api-media.indiacharts.com/public/images/article-images/silvermcx36001.png" alt="Silver MCX prices made a higher low, similar to what they have done on the spot dollar price, and remained above the 20 day moving average which is the key support at 67,062. Minor wave iii of iii of 3 up should be next and should again attempt to go back to the recent high of 74,426. We may face resistance at the upper Bollinger band near 71,034. Wave 3 = 1 = 78,800" width="735" height="777" /></p>