Silver Trading Range For The Day Is 38056-39424

Silver on MCX settled down -0.63% at 38733 as pressure seen amid an end to uncertainty created by a three-day U.S. government shutdown capped gains. Data showed euro zone consumer confidence jumped much more than expected in January, underlining the strong momentum in its economy. 

 

Bullion traded in a tight range after the U.S. Senate voted to pass a temporary spending plan through Feb. 8 to end the government shutdown. The dollar extended recent weakness against a basket of major currencies to hit a fresh three-year low, after the euro surged on consumer confidence data indicating strong momentum in the region's economy.

 

Trading Ideas: 

 

* Silver trading range for the day is 38056-39424. 

 

* Silver dropped as pressure seen amid an end to uncertainty created by a three-day U.S. government shutdown capped gains.

 

* Data showed euro zone consumer confidence jumped much more than expected in January, underlining the strong momentum in its economy. 

 

* Bullion traded in a tight range after the U.S. Senate voted to pass a temporary spending plan through Feb. 8 to end the government shutdown.

 

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Comments

  1. Moneyplant Research5 June 2020 at 13:38:00 GMT+5:30

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