SILVER UPDATES

Long positions above 84.50 with targets at 89.00 & 92.00 in extension.
Pivot: 84.50

Our preference: long positions above 84.50 with targets at 89.00 & 92.00 in extension.

Alternative scenario: below 84.50 look for further downside with 82.50 & 80.00 as targets.

Comment: the RSI shows upside momentum.

Supports and resistances:
95.00
92.00
89.00
87.01 Last
84.50
82.50
80.00

mcx tips

mcxtips Top U.S. gold miner Newmont Mining Corp  on Friday posted a $2 billion second-quarter loss after a sharp drop in bullion prices and an impairment charge related to two Australian mines.
Newmont said the one-time $1.8 billion charge was primarily tied to two of its Australian mines, Boddington and Tanami, where sinking gold and copper prices.

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