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Tuesday 17 May 2016

EPIC RESEARCH MCX SILVER UPDATE OF 17 MAY 2016

Silver trading range for the day is 40464-41756.
Silver settled flat as weak economic data out of China released over the weekend added to concerns over the health of the world’s second largest economy.   
Two Fed officials said the central bank should raise rates if data points to an improving economy.        
Traders reassessed their expectations for the timing of the next U.S. rate hike following the release of better than expected U.S. retail sales data.

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