Silver Dropped As Firmness In Rupee Weighed On MCX

Silver trading range for the day is 35270-36170.

Silver dropped as firmness in Rupee weighed on MCX as the U.S. dollar weakened on investors’ expectations of a slowdown in interest rate hikes.

The chairman of the U.S. Federal Reserve, Jerome Powell, said that rates are “just below” the neutral level now.

Powell’s comments suggest that 2019 may be more of a wait-and-see approach and the assumption of any hikes may be premature.

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Silver Trading Range For The Day Is 35470-36592

Silver trading range for the day is 35470-36592.

Silver gained as the US dollar dipped from two-week highs after Federal Reserve Chairman Jerome Powell described US interest rates as "just below" the neutral rate.

Fed’s Chairperson Powell said the “gradual pace of raising interest rates has been an exercise in balancing risks,” but added “there is no preset policy path.

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Silver Prices Dropped As The U.S. Dollar Firm As A Senior Federal Reserve

Silver trading range for the day is 35427-36367.

Silver prices dropped as the U.S. dollar firm as a senior Federal Reserve official reaffirmed the need for further rate increases.

US President Trump said he expected to move ahead with raising tariffs on $200 billion in Chinese imports to 25 percent from the current 10 percent.

Fed Chairman Jerome Powell is due to speak on Wednesday on "The Federal Reserve's Framework for Monitoring Financial Stability" at the New York Economic Club.

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Silver Fell As The Dollar Regaind Meomentum And An Improvement

Silver trading range for the day is 35388-36836.

Silver fell as the dollar regaind meomentum and an improvement in risk sentiment lifted stock markets in Europe, denting bullion's appeal.

The dollar has been under pressure as cautious comments by Fed officials about a potential global slowdown raised doubts on the pace of interest rate hikes.

Data showed weekly jobless claims rose to a more than four-month high and new orders for U.S.-made capital goods were unexpectedly flat in October.

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Silver Dropped As US Dollar Rallied As A Sell Off In Global Stock Markets

Silver trading range for the day is 36181-37231.

Silver dropped as US dollar rallied as a sell-off in global stock markets spurred safe-haven bids and investors grew concerned about slowing global growth.

Federal Reserve Bank of Dallas President Robert Kaplan also said in a separate interview with Fox Business that he expected a growth slowdown in Europe and China.

Markets widely expect a fourth rate hike for this year next month and policymakers had earlier indicated two more by June 2019.

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Silver Gained As Investors Sought Cover From Market Turmoil

Silver trading range for the day is 36257-37017.

Silver gained as investors sought cover from market turmoil after Britain’s long-awaited draft agreement to leave the European Union was thrown into chaos

U.S. consumer prices increased by the most in nine months in October amid gains in the cost of gasoline and rents, pointing to steadily rising inflation.

A “really strong” U.S. economy is likely to continue growing, but softness in housing and high levels of corporate debt have caught the Federal Reserve’s eye.

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Silver Prices Dropped As Dollar Strength Continued To Put Downward Pressure

Silver trading range for the day is 36085-36925.

Silver prices dropped as dollar strength continued to put downward pressure on the precious metal.

Demand for the dollar was underpinned after the Federal Reserve indicated last week that rates are likely to rise in December and again in early 2019.

Strong U.S. producer price index data on Friday also served as an endorsement for the Fed to tighten again at the end of year, placing pressure on prices.

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Silver Prices Slipped As Investors Digested The U.S. Midterm Election Results

Silver trading range for the day is 36928-38516.

Silver prices slipped as investors digested the U.S. midterm election results.

Democrats won control of the House of Representatives while Republicans retained their hold on the Senate, as the U.S. midterm election's outcome split Congress.

The dollar rose, pulling further away from the 2-1/2 week lows after the U.S. midterm elections delivered a broadly expected result.

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Silver Trading Range For The Day Is 38058-38870

Silver trading range for the day is 38058-38870.

Silver dropped as investors took some profits, but the metal traded within a narrow range as caution set in ahead of the U.S. congressional elections.

The Labor Department data showed that the economy added 250000 jobs in October, and average hourly earnings rose 0.2%.

Markets will be closely watching the upcoming U.S. congressional elections, which will determine whether the Republicans or Democrats control the U.S. Congress.

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Silver Dropped After A Stronger Than Expected October Jobs Report

Silver trading range for the day is 38239-39031.

Silver dropped after a stronger-than-expected October jobs report, prompting prices for the precious metal to end the week with loss.

US data showed the unemployment rate steadied at 3.7% as expected, while average earnings rose 0.2% as expected, slowing down from 0.3% in September.

Hedge funds and money managers raised their net short positions in Comex silver contracts in the week to Oct. 30, the U.S. Commodity Futures Trading Commission said.

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Silver Prices Dropped As U.S.-Sino Trade Tensions Once Again Turned Investors

Silver trading range for the day is 37719-38641.

Silver prices dropped as U.S.-Sino trade tensions once again turned investors towards the greenback.

The US dollar edged up to a fresh 16-month high as the US economy continued to strengthen, putting the greenback on pace for a seventh straight month of gains.

The ADP national employment report showed that US private sector payrolls increased by the most in eight months in October.

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Silver Traded In Range As The Safe Haven Demand For The Dollar

Silver trading range for the day is 38013-38637.

Silver traded in range as the safe haven demand for the dollar was boosted by concerns over the pending trade dispute between the U.S. and China.

The U.S. is preparing to impose tariffs on the remaining $257 billion of Chinese imports if talks in November between Trump and Chinese leader Xi Jinping do not go well.

The China Securities Regulatory Commission said that it would improve market liquidity and encourage more long-term capital into the market.

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Silver Dropped As Strength In The Dollar And Gains In The U.S. Stock Market

Silver trading range for the day is 37724-39252.

Silver dropped as strength in the dollar and gains in the U.S. stock market dulled bullion demand.

The U.S. economy grew at a 3.5% annualized rate, the Commerce Department said, beating expectations of 3.3%.

Prices to remain little changed ahead of next week’s mid-term election in the U.S and non-farm payroll data due later in the week is also expected to impact.

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Silver Trading Range For The Day Is 38318-39158

Silver trading range for the day is 38318-39158.

Silver dropped as the US dollar strengthened after the European Central Bank kept interest rates unchanged in their October policy meeting.

Fed’s Clarida said that gradual increases to interest rates are appropriate, noting that increased savings and tax cuts constitute burdens on the economy.

Orders to US factories for big-ticket manufactured goods slowed significantly in September.



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Gold Prices Fell On A Strong Dollar And A Rebound Of Stocks

Gold trading range for the day is 31666-32212.

Gold prices fell on a strong dollar and a rebound of stocks following a multi-day sell-off globally, taking steam out of bullion's momentum.

U.S. business spending on equipment appeared to have remained slow in September and the goods trade deficit widened further

Concerns ranging from U.S.-China trade disputes to Italy's budget woes and Brexit uncertainty have accelerated the flight to safety.

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Silver Dropped As Profit-Taking On Its Outsize Gains In The Previous Session

Silver trading range for the day is 38569-39261.

Silver dropped as profit-taking on its outsize gains in the previous session and strength in the dollar halted the gains.

Sales of new U.S. single-family homes fell to a near two-year low in September and data for the prior three months was revised lower.

The European Central Bank seems certain to keep policy unchanged but is likely to acknowledge the growth outlook is deterioratin.

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Copper Prices Dropped On Concerns Of Slowing Demand In China

Copper trading range for the day is 443.5-457.1.

Copper prices dropped on concerns of slowing demand in China and as geopolitical tensions escalated over the killing of a prominent Saudi journalist.

China's copper import premiums are at $117.50 a tonne, just below the recent three-year high of $120 a tonne, indicating strong demand for physical metal.

LME copper stocks at 154,225 tonnes have tumbled 27 percent since Sept. 24, while those in ShFE are up about 27 percent over the same period.

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Silver Trading Range For The Day Is 38443-39053

Silver trading range for the day is 38443-39053

Silver traded in range as investors prepared for Friday’s data on U.S. third-quarter growth, while monetary policy decisions from ECB will also be closely watched.

Investors braced for the peak of the U.S. earnings season while angst over Saudi Arabia, Italy and Brexit kept geopolitics front and center.

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Silver Prices Ended With Small Losses On Profit Taking From Recent Gains

Silver trading range for the day is 38546-39082.

Silver prices ended with small losses on profit-taking from recent gains, but a weaker dollar and geopolitical worries limited the downside.

Another two to three interest rate increases from the Federal Reserve will likely put U.S. borrowing costs in "neutral" territory, Fed’s Kaplan said.

U.S. home sales fell in September by the most in over two years as the housing market continued to struggle despite strength across the broader economy.

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Gold Dropped As The U.S. Dollar Seen Supported Amid Expectations

Gold trading range for the day is 31753-32121.

Gold dropped as the U.S. dollar seen supported amid expectations of another interest rate increase this year.

Investors preferred the dollar as the U.S.-China trade war unfolded against a background of higher U.S. interest rates.

A key festival brought little activity to the physical gold market in India in the week as purchases remained significantly lower than normal.

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