Silver Wait and See For The US Interest Rates

Tin Price in commodity stocks Malaysia on Thursday (17/12) is located in the position of stagnant. This industry metal commodity prices are in the same posisis with closing price yesterday.

Basic metals market is still careful examining the increase in US interest rates by the Federal Reserve for the first time in a decade. The market is still waiting for long-term implications of rising U.S. interest rates. Expected interest rate hike will be progressively strengthen the US dollar.

Tin Price received negative sentiment in the middle of the rise in the exchange rate of U.S. dollars. Commodity prices become more and more expensive because of the process of export-import generally done using the currency of the land Uncle Sam. It is possible the market players try to hold the purchase.

Tin Price in commodity stocks Malaysia monitored stagnant. This industry metal prices traded on the position of the dollar 14.580 per tonne, together with the result of the close of trading yesterday.

Yessnews center estimates that the movement of tin price Malaysia on the next trade potentially lower the strengthening of the dollar. Tin Price will face level support in the position of the dollar and dollar 14.380 14.480. But if happened strengthening tin price will face level resistance in the dollar and dollar 14.780 14.680.