Today Silver Trading :- 37238 - 38182

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Silver on MCX settled down -1.11% at 37578 as investors eyed volatility in global stocks and a leading dollar index aimed for its best weekly performance in more than a year. The U.S. dollar rose against a currency basket, heading for its strongest week in nearly 15 months, with major U.S. equity indexes shedding around 1 percent a day after a plunge that confirmed a correction for the market.

 

Trading Ideas: 

 

* Silver trading range for the day is 37238-38182.

 

* Silver dropped as investors eyed volatility in global stocks and a leading dollar index aimed for its best weekly performance in more than a year. 

 

* The global market selloff, and bets that US could see at least three interest rate hikes in 2018 due to improving U.S. fundamentals have propelled the U.S. dollar. 

 

* US wholesale inventories rose 0.4% in the final December reading, up from 0.2% in the preliminary reading, while expecting a 0.2% rise with no change.

 

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