Tuesday, 17 September 2019

Silver Gained After A Strike Against Two Saudi Arabian Oil Facilities

Silver trading range for the day is 45654-48110.

Silver gained after a strike against two Saudi Arabian oil facilities heightened tensions in the Middle East and boosted safe-haven demand.

Chinese industrial output growth unexpectedly weakened to 4.4 percent in August from the same period a year earlier, the slowest pace since February 2002.

Looking ahead, critical policy decisions from central banks this week, including the Federal Reserve, are expected to dictate movement of the metal.

Large precious metals speculators slightly trimmed their bullish net positions in the Silver Futures markets, according to the latest COT data.

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Silver Trading Range For The Day Is 46112-46984

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