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Wednesday 11 May 2016

EPIC RESEARCH MCX SILVER UPDATE OF 11 MAY 2016

Silver trading range for the day is 40502-41076.
Silver ended with small gains as investors reacted to relatively flat China inflation data and an unexpected rise in U.S. job openings in a pair of closely watched reports. 
The U.S. Department of Labor said that job openings in March rose by 149,000 on a seasonally-adjusted basis, lifting the job opening rate by 0.1% to 3.9%.          
Holdings at ishares silver trust dropped by 0.31% i.e. 32.55 tonnes to 10421.95 tonnes from 10454.50 tonnes.

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