Tuesday, 5 April 2016

Silver News Update By MarketMagnify

Silver on MCX settled down -0.95% at 35581 as upbeat U.S. jobs data increased the probability that the Federal Reserve could implement multiple interest rate hikes before the end of the year. Bullion was relatively flat on Monday in quiet trade, one session after plunging to fresh five-week lows, as markets in China remained closed for a traditional spring holiday.

Trading Ideas:
Silver trading range for the day is 35265-36153.
Silver dropped as better than expected U.S. employment data sparked speculation the Fed could raise interest rates sooner and faster than expected.
Robust U.S. jobs data indicated strength in the economy and stoked speculation the Fed could raise interest rates soon.
Holdings at ishares silver trust gained by 0.33% i.e. 34.18 tonnes to 10378.53 tonnes from 10344.35 tonnes.

MarketMagnify Is a leading Commodity Advisory Company In India.We are Providing MCX TIPS ,BULLIONS TIPS , INTRADAY TIPS on mobile with 90-95% accuracy level.


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