MCX Silver price has started a week on positive note with the gain of 0.8% on Monday session. On a weekly chart, price has found the support of falling trendline in last week and pulled back for there. Moreover, it has also tested a support of 21 DEMA, which indicates further strength for short term. Furthermore, a momentum indicator RSI (14) and MACD has shown positive crossover on a weekly chart. So based on the above technical structure, we expect bullish movement in the price for the day.


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