EPIC RESEARCH MCX SILVER UPDATE OF 13 DECEMBER 2017

Silver trading range for the day is 36450-37174. Silver dropped as dollar strength which followed upbeat economic data pointing to an improving inflationary environment. Upbeat wholesale inflation data pointing to an improving inflationary environment which could encourage Fed to adopt a tighter rate-hike cycle in 2018. Holdings at ishares silver trust gained by 0.44% i.e.44.02 tonnes to 10161.96 tonnes from 10117.94 tonnes.

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