Ad-H Ad-H

Indian Silver Prices Sharply Bullish, Up By Rs. 160 Intraday: Check Trend & Rates

Ad P

oi-Kuntala Sarkar


Indian silver prices are sharply bullish today, as the metal gained by around 4% in global futures markets. The US Dollar index is also a bit weak now, which is pushing the metal prices up. Silver rate, on August 9, in India, is quoted at Rs. 5900/100 grams, gaining sharply by Rs. 160/ 10 grams.

Indian Silver Prices Sharply Bullish, Up By Rs. 160 Intraday:Check Trend & Rates

Today, in the Comex futures market, silver was quoted at $20.485 falling by 0.63%, and yesterday the metal closed at $20.614. In the past 1 year, in Comex silver prices have fallen sharply by 13.53%. In the spot market, silver prices stood at $20.58, falling by 0.80%. Significantly, the US dollar index in the spot market stood at 106.27, falling by 0.06%. In the Mumbai Commodity Exchange (MCX), silver September futures are quoted at Rs. 58785/kg, falling by 0.46%.

Estimating the upcoming market trend, analyst Jim Wyckoff told Kitco News, “September silver futures bears have the overall near-term technical advantage. However, prices are in a fledgling uptrend on the daily bar chart. Silver bulls’ next upside price objective is closing prices above solid technical resistance at $22.00. The next downside price objective for the bears is closing prices below solid support at $19.00. First resistance is seen at this week’s high of $20.745 and then at $21.00. Next support is seen at $20.25 and then at $20.00.”

CitySilver rate (100 grams)
MumbaiRs. 5900
DelhiRs. 5900
AhmedabadRs. 5900
KolkataRs. 5900
ChennaiRs. 6450
BangaloreRs. 6450
HyderabadRs. 6450
  • palladium 1637485376
    Silver Rates Observe Sharp Rise By 4% In Global Market: Check Indian Silver Rates
  • palladium 1637485376
    Indian Silver Prices Fall Significantly Same As Gold, As US Job Market Improves: Check Rates
  • goldjewellery2 1557143765
    Gold Price Delhi, August 2, 2022: Marginal Dip In Gold, Big Fall In Silver Prices
  • palladium 1637485376
    Silver Market Sharply Bullish, Surges Rs. 4000 In 4 Days, Globally 2.3% Up Intraday: Buy?
  • palladium 1637485376
    Silver Rates Drop Rs. 800 In The Past 3 Days, Want To Buy: Check Rates
  • palladium 1637485376
    Silver Rates Marginally Gain In India, Up To Rs. 5590: Check Prices In Major Cities
  • palladium 1637485376
    Silver Rates Are Flat This Week In India, Check Silver Rates In Major Cities Here
  • palladium 1637485376
    Silver Prices Bullish In India, Amid Reduction In Base Import Prices: Check Rates
  • palladium 1637485376
    Silver Prices Surge By Rs. 300 In Last 3 Days In India, See Silver Performances To Invest
  • palladium 1637485376
    Silver Rates Quoted At Rs. 5700, US Dollar Index Sharply Bullish
  • palladium 1637485376
    Silver Rate In India Gains Marginally, Follows Global Trend: Check Rates Here
  • gold5 1552290841
    Gold Prices Today: Yellow Metal Prices Dip By Rs 436, Silver Gains Rs 233

Story first published: Tuesday, August 9, 2022, 23:48 [IST]

fbq('track', 'PageView');

Source link

Leave a Comment