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MTECHTIPS:-SILVER
Silver is trading at 22.343 down by 13 cents today on weak PMI data from both China and the eurozone. Even though the eurozone PMI’s beat forecast, it remains in contraction. Investors are seeking haven in the greenback after China’s manufacturing activity contracted to seven‐month low in May. Outlook : with news of physical dealers running out of the commodity due to a sell off, most people are taking orders for June Delivery.
Silver is trading at 22.343 down by 13 cents today on weak PMI data from both China and the eurozone. Even though the eurozone PMI’s beat forecast, it remains in contraction. Investors are seeking haven in the greenback after China’s manufacturing activity contracted to seven‐month low in May. Outlook : with news of physical dealers running out of the commodity due to a sell off, most people are taking orders for June Delivery.
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