MCX Silver Above 39200 Level - Ultimate Target 41800— 42220

MCX Silver Short Covering Strong Support level @39440 Hint By Neal Bhai MFA Technical Analyst

Gold Silver Reports (GSR) – MCX Silver Short Covering Strong Support level @39440 Hint By Neal Bhai MFA Technical Analyst – The monthly decline in factory orders is likely to be temporary amid reports of strong manufacturing conditions in May. Investor morale in the euro zone deteriorated for the fifth month in a row in June to its lowest level since October 2016, hit by concerns about an anti-establishment government taking power in Italy and a trade dispute with the US. Key factors to watch today include China Caixin services purchasing managers’ index (PMI) in May, Eurozone retail sales in April and US ISM nonmanufacturing PMI in May.               

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Reserve Bank

Reserve Bank of India to Hold Rates, But June Hike now Close call

Gold Silver Reports (GSR) – In a snap poll of 56 economists taken after gross domestic product data on Thursday, 26 of those respondents, or about 46 percent, expect the RBI to take the repo rate higher at the June 6 meeting. The GDP data showed Asia’s third-largest economy grew at its fastest pace in nearly two years in the January-March period.                   

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Uncertainty Gives Investors A Chance To Review Portfolio

Gold Silver Reports (GSR) – Uncertainty Gives Investors A Chance To Review Portfolio — Veteran asset manager Kenneth Andrade expects the biggest shift in the Indian stock market to be from euphoria to uncertainty as Asia’s third-largest economy stares at a challenging 12 months amid rising inflation and crude oil prices. And navigating uncertainty could be challenging for an investor. That, according to the founder and chief investment officer of Old Bridge Capital Management, is an opportunity to review portfolios.

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