Silver on MCX settled up 0.71% at 40079 gained tracking Comex Silver prices which rose 0.47% to $16.55 a troy ounce but continues to consolidate above 16.20 level.
The metal is repeating yesterday’s behavior when it approached $16.70 and then rebounded, following the announcement of US President Trump about the Iran nuclear deal.
A stronger US Dollar and then bounce, with the correction of the greenback. It lost momentum during the US session and after Trump mentioned that three Korean-Americans that were being held by North Korea were on a plane back to the US.
A stronger US Dollar and then bounce, with the correction of the greenback. It lost momentum during the US session and after Trump mentioned that three Korean-Americans that were being held by North Korea were on a plane back to the US.
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