Tuesday, 18 July 2017

EPIC RESEARCH MCX SILVER UPDATE OF 18 JULY 2017

Silver trading range for the day is 36883-37763.Silver gains on bets that lackluster U.S. data will keep the Federal Reserve cautious about the future pace of policy tightening. U.S. consumer prices were unchanged in June and retail sales fell for a second straight month, pointing to tame inflation and soft domestic demand. Hedge funds and money managers switched to their first bearish stance in silver in nearly two years, U.S. CFTC data showed.

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