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Wednesday, 13 April 2016

EPIC RESEARCH MCX SILVER UPDATE OF 13 APRIL 2016

 Silver trading range for the day is 37211-38921.
Silver gains tracking firmness in base metals and crude oil prices on the back of expectations that the Fed will stick to a cautious approach on tightening monetary policy.        
The Fed will likely have to raise interest rate around four times this year, Richmond Fed President Jeffrey Lacker said
Gold/silver ratio, hit its lowest in three weeks as silver outperformed gold, an ounce of gold now buys 77.7 ounces of silver, compared with 83.3 ounces in late February.

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