Silver trading range for the day is 38556-39046

Silver trading range for the day is 38556-39046.

Silver gained as traders opted for the safe-haven metal after U.K. Prime Minister Theresa May’s Brexit deal suffered another defeat in the British Parliament.

Prices was also supported by some soft February inflation data from the U.S., underlining the case for the Federal Reserve to maintain its current wait-and-see stance.

The Parliament rejected May’s withdrawal deal for the second time, raising concerns of a “hard-Brexit” scenario before the planned departure date on March 29.

Fed Chairman Jerome Powell justified the “wait-and-see approach” given that there was “nothing in the outlook demanding an immediate policy response.

Today Calls - MCX CALL: SELL SILVER BELOW 38580 TARGETS 38460 / 38330 / 38180 STOPLOSS 38810

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