MTECHTIPS;-Silver to trade in 38036-39402

MTECHTIPS;-Silver to trade in 38036-39402

MTECHTIPS- Silver trading range for the day is 38036-39402. Silver ended with losses but prices trimmed some of its losses after the release of downbeat U.S. housing sector data dampened demand for the greenback. The minutes from Fed’s last policy meeting showed policymakers were increasingly wary of recent softness in inflation and could delay a rate hike. U.S. central bank is roughly at the mid-point on its current path to normalize interest rates as the economy has shown further improvement even without fiscal stimulus. BUY SILVER SEP 2017 @ 39000 SL 38850 TGT 39360-39640. MCX

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