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Silver Update -Silver loses sheen as risk appetite revives

Discussion in 'Stock Market Discussions' started by Harish, Jan 11, 2016.

  1. Harish

    Harish New Member

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    mcx silver tips- Silver futures tumbled by more than 2 per cent during noon trade in the domestic market on Friday as investors and speculators exited positions in the precious metal as waning fears over China re-ignited the lure for risky assets, curbing safe haven inflows into the bullion. Chinese authorities on Friday decided to do away with a circuit-breaker system which caused an early close to trading twice in the week in a bid to ease market volatility, and the People’s Bank of China decided against further depreciation of the Yuan, offering markets some reassurance over the health of the world’s second biggest economy.
     
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