Business Standard

Fresh lockdown will affect silver more, says Bhavik Patel of Tradebulls Sec

Silver is in weak territory as it has breached $26 and now next support comes at $22

Outlook on ailver remains weak as a base metal
Web Exclusive Premium

Outlook on ailver remains weak as a base metal

Bhavik Patel Mumbai
In general, bullion rally has shown signs of stalling since August with a resilient USD and concern over whether the US will push through additional stimulus. The level of $1905 is breached which was acting as good support for gold. Next support of $1869 has also been breached so we may be looking at $1819. Break below $1905 confirmed downside break of descending triangle pattern on daily scale.

US Dollar has climbed to near two month peak on reports of UK and Spain looming second lockdown on rising infection. US Fed stated that path ahead for the economy remains

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 25 2020 | 8:01 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to