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7 Nov 2014
Silver gains along with Gold
FXStreet (Mumbai) - Silver prices gained after the official data in the US showed job additions slowed down in October, while the unemployment rate dipped to a six-year low of 5.8%.
Silver is trading 0.97% higher at 15.563/Oz. Prices recovered from a low of USD 15.043 hit earlier today to clock a high of 15.678 post the release of Non-farm payrolls data. The metal was also aided by a slight weakness in the US Dollar index, which is currently trading 0.25% lower at 88.00.
Meanwhile, Gold is trading 0.84% higher at USD 1552.20/Oz levels. US Equities have fallen into the red with the DJIA trading 0.21% lower at 17,518.10 levels.
Silver Technical levels
Silver has an immediate resistance at 15.678, above which prices can rise to 16.00 levels. On the flip side, prices may re-test 15.13 levels, if the metal fails to rise above 15.678 levels.
Silver is trading 0.97% higher at 15.563/Oz. Prices recovered from a low of USD 15.043 hit earlier today to clock a high of 15.678 post the release of Non-farm payrolls data. The metal was also aided by a slight weakness in the US Dollar index, which is currently trading 0.25% lower at 88.00.
Meanwhile, Gold is trading 0.84% higher at USD 1552.20/Oz levels. US Equities have fallen into the red with the DJIA trading 0.21% lower at 17,518.10 levels.
Silver Technical levels
Silver has an immediate resistance at 15.678, above which prices can rise to 16.00 levels. On the flip side, prices may re-test 15.13 levels, if the metal fails to rise above 15.678 levels.