(Before It's News)
MTECHTIPS- Silver to trade in 41730-42762 range: Achievers Equities
MTECHTIPS- Silver trading range for the day is 41730-42762. Silver dropped as investor appetite for riskier assets such as equities, denting demand for bullion, often considered a safe haven. Data released by the U.S. Department of Commerce showed that new home sales rose 3.1 percent to an annual rate of 593,000. The U.S. central bank’s next meeting is in November, but a rate hike ahead of the presidential election is seen as unlikely. BUY SILVER DEC @ 41850 SL 41500 TGT 42150-42400. MCX.