MCX SILVER Senator Lindsey Graham said, a last-minute hurdle to the track of the stimulus bill was in the process of being set and would likely to clear the way for quick sanction of the measure as Republican and Democratic leaders of the U.S. Senate anticipated to vote on Wednesday on the $2 trillion emergency package to ease the shattering economic influence of the infection. Asian stock markets made a careful start subsequent two days of rallies, as investors expected the way and details of the U.S. stimulus package to fight the economic consequence from the virus. New orders for key U.S.-made capital goods fell abruptly in February as demand for machinery and other products fell, proposing a extending reduction in business investment that analysts said signed the economy was already in recession.
It was fifth consecutive trading session on which MCX Silver prices rallied. Yesterday it rose more than 2.93% and closed at 41706 on Wednesday as Silver opened marginally gap up at 40540 during session it made a high of 41920 and made low of 40422 during the day. As per Bollinger band Silver is closed above upper standard deviation line and during the whole day it there was very heavy movement seen in the silver. On hourly charts RSI is at 65.21 which indicate positivity in silver prices. Today Silver can be trade in the range of 40180 to 42780 during the session.