Silver to trade in 38214-39404: Achiievers Equities
According to Achiievers Equities, Silver dropped weighed down by a stronger dollar supported by data showing a strong U.S. jobs market.
Achiievers Equities' commodity report on Silver
Silver trading range for the day is 38214-39404.
Silver dropped weighed down by a stronger dollar supported by data showing a strong U.S. jobs market.
The U.S. Department of Labor said initial jobless claims in the week ending June 10 decreased by 8,000 to 237,000 from the previous week’s total of 245,000.
The central bank maintained its outlook of one more rate hike for this year, as it expects that a tightening labor market will lift inflation to the 2% target.
SELL SILVER JUL 2017 @ 38950 SL 39200 TGT 38720-38550.MCX.
For all commodities report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.