EPIC RESEARCH MCX Silver UPDATE OF 12 February 2019

Posted by Commodity Updates by Epic Research on 11:25:00 with No comments

Silver trading range for the day is 39563-40179.

Silver dropped as the U.S. dollar edged up but concerns on global growth slowdown and increasing uncertainties surrounding the Sino-U.S. trade war.

The European Commission sharply downgraded 2019 Eurozone growth forecast and triggered fears of a recession in the core Eurozone economies.

Increasing uncertainties surrounding the Sino-U.S. trade tension also kept investor sentiment in check.

Hedge funds and money managers raised switched to a net long position in silver in the week to Dec. 18, the U.S. Commodity Futures Trading Commission said.

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