MCX Silver Silver prices bounced back on Thursday, as a rising coronavirus death total reinforced safe-haven buying. The Chinese area at the centre of the coronavirus outburst described a greatest increase in deaths and thousands more contagions using a wider description on Thursday. Global share prices reduced as investors were surprised by a shrill increase in the number of coronavirus belongings in China this week while oil prices protracted gains on expectations of more production cuts. However, the dollar increased upstairs a four-month peak.
MCX Silver closed 0.65% higher at 45800 on Thursday on the raising coronavirus tensions over China. Silver opened marginally gap up at 45590 during session it made a high of 45995 and low of 45590 levels. Technically opening price and low for the day was identical which pushed silver prices on the upper side. As per Bollinger band on the hourly chart Silver is closed above median line and it made a low near its median level. On hourly charts RSI is at 51.45 which did not giving any sign of divergence. Today Silver can be trade in the range of 45580 to 46050 during the session.