Silver trading range for the day is 38742-39388.
* Silver traded in range amid expectations that higher U.S. interest rates would continue to support an uptick in the dollar, weighing on demand.
* The precious metal was under pressure in recent weeks by investors’ favour of the dollar over gold surrounding the impact of a U.S.-China trade war.
* Continued trade war concerns and a strong U.S. inflation report were cited as tailwind for the dollar last week.
Subscribe now for best Bank Nifty Options and Stock Market Live
For quick free trial click here > 911 133 9000
* Silver traded in range amid expectations that higher U.S. interest rates would continue to support an uptick in the dollar, weighing on demand.
* The precious metal was under pressure in recent weeks by investors’ favour of the dollar over gold surrounding the impact of a U.S.-China trade war.
* Continued trade war concerns and a strong U.S. inflation report were cited as tailwind for the dollar last week.
Subscribe now for best Bank Nifty Options and Stock Market Live
For quick free trial click here > 911 133 9000
This post first appeared on Mcx And NCDEX Updates By Epic Research, please read the originial post: here