Monday, 15 May 2017

EPIC RESEARCH MCX SILVER UPDATE OF 15 MAY 2017

Silver trading range for the day is 37980-38380.Silver prices ended with gains after weaker than expected inflation and core retail sales data weighed on the dollar and lifted sentiment for the metal. Recent federal data suggests a tightening labour market and rising inflation have strengthened the case for another interest rate hike by the U.S. central bank in June.The Labor Department said consumer prices rose 0.2% after a 0.3% drop in March, which was the biggest fall in more than two years.

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