Monday, 17 October 2016

EPIC RESEARCH MCX SILVER UPDATE OF 17 Oct 2016

Silver trading range for the day is 41252-42452.
Silver prices dropped with market participants seeing further downside for the precious metal in the near-term amid US dollar strength.
U.S. retail sales rebounded 0.6 percent in September while producer prices also rose broadly to record their biggest year-on-year increase since December 2014.
Holdings at ishares silver trust gained by 0.32% i.e. 35.42 tonnes to 11268.35 tonnes from 11232.93 tonnes.

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