Moneycontrol
May 17, 2017 11:57 AM IST

Silver to trade in 38505-38895: Achiievers Equities

According to Achiievers Equities,Silver gains as signs of slowing economic activity in the U.S. saw investors temper expectations for more rate hikes by the Federal Reserve.


Achiievers Equities' commodity report on Silver


Silver trading range for the day is 38505-38895.

Silver gains as signs of slowing economic activity in the U.S. saw investors temper expectations for more rate hikes by the Federal Reserve.

The number of building permits issued fell 2.5% to a seasonally adjusted 1.229 million units last month from 1.260 million the month before.

Holdings at ishares silver trust gained by 0.42% i.e. 44.15 tonnes to 10649.70 tonnes  from 10605.55 tonnes.

BUY SILVER JUL 2017 @ 38750 SL 38550 TGT 38980-39350.MCX.

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