SEPT 12 FRIDAY
MCX SILVER DECEMBER
SHORT TERM TREND - BEARISH
LONG TERM TREND - BEARISH
SUPPORT 1- 17670
SUPPORT 2- 17430
RESISTANCE1- 18080
RESISTANCE 2 -18270
Silver for December delivery fell 3% to $10.56 an ounce.
Gold futures fell for a ninth session Thursday, logging the longest
losing streak in eight years and breaking through the
psychologically important level of $750 an ounce, as the U.S.
dollar rose to the highest level against the euro in one year.
A stronger greenback tends to push down dollar-denominated
gold prices as it makes gold less appealing as an alternative
investment.
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