Posts
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
No comments:
Post a Comment