White metal little changed on profit-booking

by - 5:46 pm

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Silver futures little changed during evening trade in the domestic market on Thursday as investors and speculators remained on the sidelines in the precious metal and booked profits on muted safe-haven demand despite political risks from elections in Europe and worries over US President Trump’s policies. 

At the MCX, silver futures for March 2017 contract is trading at Rs 42342 per kg, down by 0.01 per cent, after opening at Rs 42379, against a previous close of Rs 42345. It touched the intra-day low of Rs 42261.

               Trading Ideas
  1.  Silver trading range for the day is 42020-42696. 
  2.  Silver dropped on profit booking after gaining amid ongoing worries over political risks in Europe and economic uncertainty in the U.S. 
  3. Investors remained focused on French politics, with recent opinion polls showing centrist Emmanuel Macron slightly ahead of conservative Francois Fillon in the first round. 

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