EPIC RESEARCH MCX SILVER UPDATE OF 15 MAY 2018

Silver trading range for the day is 40142-40634. Silver dropped as the dollar held on to gains after a Federal Reserve official backed the case for further interest rate hikes in the United States. The dollar rose, erasing earlier losses, as investors questioned whether a rally that last week sent the greenback to more than four-month highs had run out of steam. U.S. retail sales growth would suggest a strengthening economy and give the Federal Reserve more reason to raise interest rates.

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