Moneycontrol
Oct 19, 2016 03:48 PM IST IST | Source: Moneycontrol.com

Silver to trade in 41782-42566 range: Achiievers Equities

According to Achiievers Equities,Silver gains as disappointing U.S. inflation data was seen as easing pressure on the Federal Reserve to tighten monetary policy, weighing on dollar.

Achiievers Equities report on Silver

Silver

Silver trading range for the day is 41782-42566.  

Silver gains as disappointing U.S. inflation data was seen as easing pressure on the  Federal Reserve to tighten monetary policy, weighing on dollar.  

Boston Fed President Eric Rosengren said the current levels of jobs and inflation support  the case for a rate increase soon.  

The U.S. Commerce Department said that consumer prices inched up 0.3% in September,  matching expectations.  

BUY SILVER DEC @ 42000 SL 41700 TGT 42350-42600.MCX. 

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