EPIC RESEARCH MCX Silver UPDATE OF 11 December 2018

Silver trading range for the day is 37403-38963.

Silver prices gained as weakness in Rupee supported prices on MCX and amid stock market volatility and prospects of a slower pace of U.S. interest rate hikes in 2019.

Soft U.S. payrolls data fueled speculation that the Federal Reserve may stop raising interest rates after a highly likely move next week.

Some Fed policymakers have struck a cautious tone about the economic outlook, possibly flagging a turning point in its monetary policy.

Hedge funds and money managers increased their net short position in gold by 8,464 contracts to 51,828 contracts, according to CFTC data.


Subscribe now for best Stock Report
US Stock Market News
For quick free trial click here > +917316642316

Connect with our social media sites

Facebook

Twitter

YouTube

Pinterest

Linkedin

Google+