Monday, 19 October 2015

Silver trading range for the day is 36952-37752

Silver settled down -0.34% at 37387 as a stronger dollar prompted some investors to lock in gains. Investors have flocked to prices this month as deteriorating U.S. economic data fanned hopes that the Federal Reserve would delay raising interest rates till 2016. In recent days, data showing low inflation, weak retail sales and contracting manufacturing activity helped prices march higher. The dollar remained relatively steady, following the release of mixed data in the U.S. The University of Michigan's Consumer Survey Center reported strong results from its semi-monthly index, confirming robust weekly figures on consumer sentiment earlier in the month.
Trading Ideas:
Silver trading range for the day is 36952-37752.
Silver prices ended with losses as a stronger dollar prompted some investors to lock in gains.
Investors have flocked to prices this month as deteriorating U.S. economic data fanned hopes that the Fed would delay raising interest rates till 2016.
The University of Michigan's Consumer Survey Center reported strong results from its semi-monthly index, confirming robust weekly figures on consumer sentiment.


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