Thursday 16 May 2019

Silver trading range for the day is 37260-37818

* Silver trading range for the day is 37260-37818.

* Silver settled flat amid renewed optimism that the world's two largest economies will agree on a trade deal sometime in the foreseeable future.

* A slightly conciliatory tone on trade talks by U.S. President Donald Trump has helped ease worries about trade jitters.

* However, decline was limited due to reports that the office of USTR is taking necessary steps to raise duties of up to 25% on a further $300 billion worth of imports from China.

* Kansas City Fed President Esther George said in a speech that the Federal Reserve does not need to cut interest rates to boost inflation.

MCX Commodity Live Tips

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