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Friday 27 October 2017

EPIC RESEARCH MCX SILVER UPDATE OF 27 OCTOBER 2017

Silver trading range for the day is 38952-39830. Silver prices fell as the dollar showed continued gains and demand for safe-haven assets is on the wane for now. Also pressuring prices was fresh speculation that the next Fed chair could be a policy hawk following reports that current Chair Janet Yellen is out of the running. The European Central Bank extended its bond purchases and reduced the chances that it would hike interest rates in 2018.



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