Silver prices moved in tandem with gold prices and are expected to remain in high range this week. Increasing industrial demand globally is also pushing white metals prices higher. Precious metals markets are looking ahead to producer price data for July from the United States. Higher inflation is likely to push prices higher as precious metals are considered as a hedge against inflation. E-silver opened almost flat in today’s trading session, but prices are likely to maintain positive bias. Support for E-silver is seen at Rs2915/100gm and below it, prices can test Rs2885/100gm.

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