Wednesday 3 February 2016

EPIC RESEARCH MCX SILVER UPDATE OF 03 FEBRUARY 2016

Silver trading range for the day is 34474-35266.
Silver prices remained in the range with the continued focus on likely Federal Reserve steps on interest rates this year.
Fed’s Fischer strongly hinted that the U.S. central bank's monetary policy will remain accommodative in the near-term future, while the Fed raises rates gradually.
The ISM said its index of purchasing managers inched up to 48.2 last month from a reading of 48.0 in December, which was the lowest since July 2009.
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