Monday, 24 June 2019

Silver trading range for the day is 37229-38953

Silver trading range for the day is 37229-38953.

Silver dropped on profit booking after prices gained after the U.S. Federal Reserve came out with a dovish statement about its future policy.

Middle East tensions flared after a U.S. military surveillance drone was shot down by Iranian forces while flying over the Strait of Hormuz.

Fed left interest rates unchanged as widely expected but signaled that the next change in interest rates is likely to be a rate cut.

A report released by the Labor Department showed a modest decrease in first-time claims for U.S. unemployment benefits.

MCX Commodity Live Tips

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