Friday 29 June 2018

EPIC RESEARCH MCX SILVER UPDATE OF 29 June 2018

Silver trading range for the day is 38680-39810.
Silver dropped as mounting pressure from a U.S.-driven trade dispute propelled the dollar to near a one-year high and led investors to dump equities.

The U.S. economy slowed more than previously estimated in the first quarter amid the weakest consumer spending in nearly five years

Holdings at ishares silver trust gained by 0.32% i.e. 32.20 tonnes to 9965.42 tonnes from 9933.22 tonnes.

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