Seeking Alpha

kailashtrifid's  Instablog

Send Message
research 4u is a advisory company India.we are providing stock tips,commodity tips,intraday tips,mcx tips,ncdex tips,Forex tips.
My company:
Research 4U
My blog:
Stock Tips | Commodity Tips | Forex Tips
  • Silver Plunges 3% As Traders Reassess Fed Expectations Conical 0 comments
    Oct 31, 2013 8:23 AM

    Silver prices fell 3 % on Thursday, as investors liquidated long positions amid uncertainty about the stimulus program from the Federal Reserve.

    The prices of precious metals have continued largely change expectations about whether the Fed would begin reducing its USD85 billion dollars a month the asset purchase program at the end of the year.

    On the Comex division of the New York Mercantile Exchange, silver futures for December delivery traded at USD22.34 a troy ounce during European morning trade, up 2.8 %.

    Silver prices fell as much as 3.4 % before hitting a session low of USD22.19 a troy ounce, the lowest level since October 22.

    The December contract ended 2.18% higher on Wednesday to close at USD22.98 a troy ounce.

    Futures were likely to find support at USD21.98 a troy ounce, the low of October 22 and resistance at USD23.09, the high of October 30. Read More Info Visit here - Silver Plunges 3% As Traders Reassess Fed Expectations Conical

Back To kailashtrifid's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers
Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.