Commodity Trading Tips for Silver by KediaCommodity

Silver settled down -0.61% at 48144 after stronger-than-expected U. S. nonfarm payrolls data fuelled speculation that the Federal Reserve may start tapering stimulus sooner-than-expected. Fall in Silver on MCX is low as compare with Comex fall as Rupee fell on Friday to post its worst week in 2-1/2 months, tracking a weaker euro after a surprise rate cut by the European Central Bank and as state-run oil refiners started sourcing dollars in spot markets. Investors are now waiting for U. S. nonfarm payroll data later in the day for further direction and clues on the timing of the tapering of the Fed's economic stimulus.  

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