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Tuesday, 11 December 2018

EPIC RESEARCH MCX Silver UPDATE OF 11 December 2018



Silver trading range for the day is 37403-38963.

Silver prices gained as weakness in Rupee supported prices on MCX and amid stock market volatility and prospects of a slower pace of U.S. interest rate hikes in 2019.

Soft U.S. payrolls data fueled speculation that the Federal Reserve may stop raising interest rates after a highly likely move next week.

Some Fed policymakers have struck a cautious tone about the economic outlook, possibly flagging a turning point in its monetary policy.

Hedge funds and money managers increased their net short position in gold by 8,464 contracts to 51,828 contracts, according to CFTC data.


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