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Thursday 25 October 2018

EPIC RESEARCH MCX Silver UPDATE OF 25 October 2018

Silver trading range for the day is 38569-39261.

Silver dropped as profit-taking on its outsize gains in the previous session and strength in the dollar halted the gains.

Sales of new U.S. single-family homes fell to a near two-year low in September and data for the prior three months was revised lower.

The European Central Bank seems certain to keep policy unchanged but is likely to acknowledge the growth outlook is deterioratin.

Holdings at ishares silver trust dropped by 0.40% i.e. 40.91 tonnes to 10275.83 tonnes from 10316.74 tonnes.

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