Wednesday 9 April 2014

CAPITAL STROKE COMMODITY UPDATE 10 APRIL 2014 : MCX SILVER



Silver trading range for the day is 41772-43732.
Silver dropped as stronger dollar is making the metal less appealing and investors have pulled back slightly ahead of Fed meet.
Fed’s policy meeting revealed that U.S. monetary authorities voted unanimously to scrap a threshold calling for rate hikes once the unemployment rate hits 6.5%.
A better tone in the U.S. economy and easing geopolitical tensions had recently weighed heavily on bullion's appeal as a hedge.

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