Silver prices edges lower

India Infoline News Service | Mumbai | December 06, 2017 22:58 IST

Silver prices extend losses for 7 straight days

Silver bullion bars
Silver prices extend losses for 7 straight days. Prices broke the intermediate support level of 37,600 and drifted towards 37,440 levels. Gold on the other hand traded sideways in small range between 29050 and 28950 levels. Prices faced resistance near 29050 levels and it failed to break the prescribed level.
Base metals pack was trading sideways in today’s session. Lead managed to bounce back from the day’s low and moved higher towards the intermediate resistance level of 163. Zinc traded sideways in range between 200 and 202 levels. Nickel broke the psychological level of 700 and drifted towards 695 levels.

Energy corrected in today’s session. Crude oil broke the important support level of 3680 and prices drifted towards 3620 levels. Natural gas prices failed to sustain at day’s high near 191.50 levels and it slipped below 188 levels. 



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