Monday, 25 June 2018

EPIC RESEARCH MCX SILVER UPDATE OF 25 June 2018

Silver trading range for the day is 39343-40071.

Silver prices ended with gains as the dollar slipped and getting support from rising in crude oil prices.

US data showed the preliminary reading for the services PMI down to 56.5 in June from 56.8 in May, beating forecasts of 54.9.

Holdings at ishares silver trust gained by 0.29% i.e. 29.27 tonnes to 9962.49 tonnes from 9933.22 tonnes.

Traders often turn to bullion in times of political uncertainty, as the precious metal is often considered a safe haven from the impact of geopolitics.
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