EPIC RESEARCH MCX SILVER UPDATE OF 16 AUGUST 2017

Silver trading range for the day is 38674-39580.Silver prices dropped as dollar strength and the easing of tensions between the United States and North Korea pushed prices lower. The U.S. economy is on track to expand at a 3.7 percent annualised pace in the third quarter based on the release of the government's July retail sales data. U.S. retail sales recorded their biggest increase in seven months in July as consumers boosted purchases of motor vehicles and raised discretionary spending.

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