EPIC RESEARCH MCX SILVER UPDATE OF 16 MAY 2017

Silver trading range for the day is 37886-39192.Silver prices rallied finding traction after weekend comments from China about a boost in infrastructure projects and on dollar weakness.Geopolitical concerns resurfaced, which boosted safe-haven demand, after North Korea confirmed that it had carried out a missile test on SundayJewellery fabrication declined 9% to 207 Moz last year, as high prices and declining economic conditions led to lower consumption.

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