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The MCX Silver December futures are likely to extend gains in the near term, as key momentum oscillators have turned positive.

MCX Silver is currently testing some resistance around Rs 49,700-odd levels, above which the next hurdle is around Rs 50,250-odd levels. In the near term, the white metal can spurt towards Rs 51,000-mark.

The bias for this week is likely to remain positive as long as Silver MCX sustains above Rs 48,350-odd levels.

Read More Info - Commodity Call: Silver may extend rally
 
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