EPIC RESEARCH MCX Silver UPDATE OF 16 April 2019

Posted by Commodity Updates by Epic Research on 10:22:00 with No comments


Silver trading range for the day is 36720-37616.

Silver recovered on short covering after prices dropped as pressure seen after progress in the U.S.-China trade talks helped propel world stock markets.

Strong Chinese exports as well as bank loan data also helped ease investor worries over slowing global growth.

U.S. Treasury Secretary Steven Mnuchin said a U.S.-China trade agreement would go "way beyond" previous efforts to open China's markets to U.S. companies.

Hedge funds and money managers upped their net short position in silverin the week to April 9, the U.S. Commodity Futures Trading Commission (CFTC) said.

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

Connect with our social media sites

FacebookTwitterYouTubePinterestLinkedinGoogle+