Equity Tips :- Silver Trading Range For The Day Is 38333-39281

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Silver on MCX settled down -1.31% at 38668 on technical selling and profit-taking as a rise in the U.S. dollar caused a sell-off of the risk adverse precious metal. The dollar rose after the latest meeting minutes from the Federal Reserve showed the central bankers felt confident about the strength of the U.S. economy and inflation rising to its 2% target rate.

 

Trading Ideas:

 

* Silver trading range for the day is 38333-39281.

 

* Silver prices edged down on technical selling and profit-taking as a rise in the U.S. dollar caused a sell-off of the risk adverse precious metal.

 

* All of the Federal Reserve's policymakers felt that the U.S. economy would firm further and that inflation would rise in the coming months.

 

* U.S. consumer prices fell for the first time in 10 months in March, but underlying inflation continued to firm amid rising prices for healthcare and rental accommodation.

 

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