EPIC RESEARCH MCX Silver UPDATE OF 18 February 2019

Posted by Commodity Updates by Epic Research on 11:37:00 with No comments

Silver trading range for the day is 39261-40411.

Silver prices rallied following the release of weak U.S. retail sales and China inflation data.

Elsewhere, reports that China and the U.S. have not been making much progress during trade talks also supported prices.

Risk appetite improved temporarily earlier this week following reports that U.S. President Donald Trump was considering a 60-day extension to the March 1 deadline.

US producer prices, which tracked changes before they reach consumers, dipped 0.1% in January, missing the expectations of a gain of 0.1%.

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