Commodity Tips:- Silver Trading Range For The Day Is 39267-39795

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Silver on MCX settled down -0.24% at 39490 as the dollar and U.S. bond yields resumed their upward trend, curbing demand for the precious metal. The 10-year US treasury yield edged higher after topping 3% for the first time in four years, lifting the dollar to a three-month high as traders bet for a faster pace of rate hikes in the wake of firmer inflation and solid economic growth.

 

Trading Ideas: 

 

* Silver trading range for the day is 39267-39795.

 

* Silver prices dropped as the dollar and U.S. bond yields resumed their upward trend, curbing demand for the precious metal.

 

* Meanwhile, political risk declined after US said it would likely reach a trade agreement with China and that officials from both sides would sit down for negotiations.

 

* ECB is set to keep policy unchanged, playing down worries over recent softness in economy and leaving door open to ending its lavish bond purchase scheme. 

 

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Comments

  1. Rudra Investment3 May 2018 at 11:18

    Free Commodity Tips provides best technical and derivative reports for get back huge profit in the commodity market with the minimum investment and get back maximum profit.

    ReplyDelete

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