Silver reversed from key support near $30.69, holding the 20-Day MA. A breakout above $31.74 could confirm further gains toward Fibonacci resistance levels.
The silver market has been all over the place in early Monday trading, as the market continues to factor in a potential trade war with the various North American economies.
Commissions do not affect our editors' opinions or evaluations. The price of silver today, as of 9:12 am ET, was $31.61 per ounce. That’s up 0.09% from yesterday’s silver price of $31.58.
For example, if one gramme of silver Rs 61.40 today, you can buy 1 kg of the precious metal for Rs 61,400. But you will get a little over 10 gms of gold at this price depending on exchange rate.