Thursday 26 September 2019

Silver Slid As Political Uncertainties In The United States Stemming

Silver trading range for the day is 45359-49033.

Silver slid as political uncertainties in the United States stemming from an impeachment inquiry into President Donald Trump drove investors to the safety of the dollar, limiting bullion's appeal.

The hard-line stance of the U.S. President weighed on investor sentiment and prompted them to seek safe haven assets.

In Germany, business morale rose in September for the first time in six months but Europe's largest economy is still likely slipping into recession.

Hedge funds and money managers trimmed bullish bets on silver contracts, the U.S. Commodity Futures Trading Commission said.

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