Silver On MCX Settled Down -0.79% At 38015

Silver on MCX settled down -0.79% at 38015 after the spreads between U.S. 3-month and 10-year Treasury yields inverted, a sign of a potential recession.

Traders are also closely monitoring developments in Brexit and Sino-U.S. trade talks, as they might increase bullion’s safe-haven appeal depending on the outcome.

U.S. housing starts fell 8.7%, the second-biggest monthly decline since November 2016, the Commerce Department said.

US 10-year Treasury debt yields rebounded from 15- month lows due to stock gains as investors brushed aside disappointing domestic data on housing starts and consumer confidence.

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