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.
Subscribe now for best Bank Nifty Options and Stock Market Live
For quick free trial click here > +917316642316

No comments:
Post a Comment