MTECHTIPS SILVER

MTECHTIPS;-Silver edged lower, and  upside was limited because of Euro zone concerns and weaker manufacturing PMI from China. Contracting PMI  in China  & Euro zone is pressurizing industrial metal
prices. However silver prices are supported by   monetary stimulus package from major central
banks.  ishares silver trust, the world’s largest silver backed ETF holdings remained unchanged at
9894 tons on  Friday. Outlook : Silver prices are expected to trade with negative bias and later take
cues from US economic data  and US dollar index.
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