After being range-bound in the first half of the month, MCX-Silver plummeted over 7 per cent in the last two weeks. Immediate support is at ₹39,000. A break below it can take the contract lower to ₹38,300, which is a key short-term support level. A test of this support at ₹38,300 looks likely in the near term. The downside pressure will ease if the contract manages to reverse higher from there. Su...
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