According to Achiievers Equities, Silver prices gained as investors scaled back expectations for a more aggressive pace of rate hikes from the Federal Reserve this year.
Achiievers Equities' report on Silver
Silver trading range for the day is 41719-42623.
Silver prices gained as investors scaled back expectations for a more aggressive pace of rate hikes from the Federal Reserve this year.
Support also seen as greenback has been under pressure amid growing concern about the potential impact of the Trump Administration’s protectionist stance.
The U.S. economy added 227,000 jobs in January from the prior month, the Labor Department while the unemployment rate ticked up to 4.8% from 4.7% in December.
BUY SILVER MAR 2017 @ 42050 SL 41780 TGT 42360-42600.MCX.
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First Published on Feb 7, 2017 01:45 pm