Thursday 13 March 2014

CAPITAL STROKE COMMODITY UPDATE 14 MARCH 2014: MCX SILVER

Silver trading range for the day is 46079-47399.

Silver seen pressure following the release of upbeat U.S. data on retail sales and initial jobless claims.

The U.S. Commerce Department said that retail sales rose by 0.3% last month, beating expectations for a 0.2% increase.

Core retail sales, which exclude automobile sales, increased by 0.3% in February, compared to forecasts for a 0.2% increase.

Technically market is under fresh selling as market has witnessed gain in open interest by 1.4% to settled at 10312

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