Wednesday 16 April 2014

CAPITAL STROKE COMMODITY UPDATE 16 APRIL 2014 : MCX SILVER


Silver trading range for the day is 40758-43826.
Silver dropped on speculation that a gain in U.S. consumer prices will give the Federal Reserve more leeway to reduce monetary stimulus.
While sentiments that recent expectations for U.S. monetary policy to stay loose for some time to come may have been overblown added to the selloff.
The Labor Department reported that the U.S. consumer price index rose 0.2% in March, exceeding expectations for a 0.1% gain.

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