Thursday, 30 May 2013

MTECHTIPS;-SILVER traded with positive bias tracking Gold. Precious metals rose

MTECHTIPS;-SILVER
Silver traded with positive bias tracking Gold. Precious metals rose in after US dollar index retraced
from levels of 84 on hopes that US fed may delay the tapering QE. weak U.S. economic data eased
fears that the Federal Reserve could soon wind down its bullion-friendly bond buying program.
Outlook : Silver prices are expected to trade with positive bias and later take cues from US economic data. ( US personal spending and personal income)
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