MCX Silver Above 39200 Level – Ultimate Target 41800— 42220, With in 10 To 15 Days

Gold Silver Reports (GSR) – Silver on MCX settled up 0.52% at 40170 as the dollar dropped as the prospects of a Sino-U.S. trade deal improved investors’ appetite for riskier assets.

MCX Silver Above 39200 Level – Ultimate Target 41800— 42220, With in 10 To 15 Days

Trade With Stop Loss, ALERT @ HIGHER LEVEL

U.S.-China trade talks will continue in Washington this week after the two sides wrapped up the last discussions in Beijing last week. 

MCX Gold Above 33200 Ultimate Target 34070—34333, With in 10 To 15 Days

Both the U.S. and China reported progress in the latest trade negotiations, although U.S. President Donald Trump said on Friday that the talks were “very complicated”. 

Commodities Weekly Technical Research Report 18-02-19 To 22-02-19

Meanwhile, the Federal Reserve is due to publish the minutes of its January meeting on Wednesday where it has kept rates on hold and surprised markets by shifting to a more dovish stance on future rate hikes, citing subdued inflation and rising risks to global economic growth. 

San Francisco Fed President Mary Daly suggested the central bank may hold off on raising interest rates in 2019.

The U.S. currency posted the second week of losses and is down 1.7% year to date. GFMS, silver jewellery consumption in India had increased by 20% in the fourth quarter of 2018. 

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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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