Indian Ruppe & Silver Prices Prediction: USD/INR slips back below 72.00 & XAG/USD spot Intraday

USD/INR slips back below 72.00 as markets react to US-China trade jitters

In a reaction to the market’s recent shift in risk-tone, the USD/INR pair pullback back from two-day highs to 71.95 by the press time of Tuesday’s Asian session.

With the broad strength of the US dollar (USD) and mixed fundamentals of the Indian economy adds fuel to the pair’s rise, the quote recently surged to strongest since September 04. Read more…

Silver spot Intraday: the upside prevails

Pivot (invalidation): 16.9300

Our preference

Long positions above 16.9300 with targets at 17.1000 & 17.2000 in extension.

Alternative scenario

Below 16.9300 look for further downside with 16.8500 & 16.7900 as targets.

Comment

The RSI calls for a bounce. Read more...