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MTECHTIPS:-SILVER
Silver was steady as no cues regarding when Spain would ask for bailout and uncertanity of bailout package for Greece. Silver prices are supported by monetary stimulus package from major central banks. However contracting manufacturing PMI in Euro zone and China is pressuring silver prices. ishares silver trust, the world’s largest silver backed ETF holdings remained unchanged at 9923 tons on Friday. Outlook : Silver prices are expected to trade with positive bias and later take cues from US economic data and news flow from Euro zone.
Silver was steady as no cues regarding when Spain would ask for bailout and uncertanity of bailout package for Greece. Silver prices are supported by monetary stimulus package from major central banks. However contracting manufacturing PMI in Euro zone and China is pressuring silver prices. ishares silver trust, the world’s largest silver backed ETF holdings remained unchanged at 9923 tons on Friday. Outlook : Silver prices are expected to trade with positive bias and later take cues from US economic data and news flow from Euro zone.
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