Yesterday, I Told You Buy Silver at Lower Level, Watch High ₹ 37143 – Neal Bhai Reports
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Silver on MCX settled down 2.05% at 36854 as the dollar hit a more-than-one-week high on the back of intensifying global trade tensions and economic worries in emerging markets.
Yestday Silver MCX Buy Call : Silver MCX Low ₹ 36641, Buy Slowly and Accumulate Every 500 Points – Don’t Panic @ Lower Level – Target 38100——39200 – Neal Bhai Reports
U.S. Treasury yields rose to three week highs on Tuesday after data showed that U.S. manufacturing activity accelerated to a more than 14-year high in August, and on heavy corporate debt supply.
U.S. manufacturing activity accelerated to more than a 14-year high, boosted by a surge in new orders, but increasing bottlenecks in the supply chain because of a robust economy and import tariffs could restrain further growth.
Demand for the dollar was bolstered by the risk-off mood in markets amid fears over the impact on global growth from the Trump administration’s protectionist trade policies and strains in emerging markets.
U.S. President Donald Trump said last week he was ready to implement tariffs on an additional $200 billion worth of imports from China as soon as Thursday, which would ratchet up the trade row with Beijing.
