EPIC RESEARCH MCX SILVER UPDATE OF 14 JUNE 2018

Silver trading range for the day is 40403-41105. Silver prices inched higher on dollar weakness but gains were limited ahead of a meeting of the U.S. Federal Reserve and on clues of future interest rate hikes this year. U.S. producer prices increased more than expected in May, leading to the biggest annual gain in nearly 6-1/2 years, the latest sign of a gradual building up of inflation pressures. Holdings at ishares silver trust dropped by 0.44% i.e. 43.91 tonnes to 9824.92 tonnes from 9868.83 tonnes.

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