In MCX segment all the commodities are trading in the positive. Crude Oil has hiked 25 points at 2917 while MCX Gold is 28 points up at 28595 and Silver is 174 points up at 38878.
Precious metals prices higher on yesterday, as the dollar weakened for a second straight day following a global cyber attack and a delay to U.S. healthcare legislation that fueled doubts about President Donald Trump’s ability to pass measures expected to boost the economy.
Crude oil prices are higher more than 1 percent on yesterday to their highest in more than a week as buyers were encouraged by a small weekly decrease in U.S. production and shrugged off a surprise build in crude inventories in the world’s top oil consumer.
BUY SILVER JUL IN THE RANGE OF 38900-38925 TARGETS 39200/39500 STOPLOSS 38600. Technically silver is buying on hourly/daily charts while MACD and RSI also indicate good buying opportunity in it. So, traders should go for buy on lower level strategy.