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Monday 16 May 2016

EPIC RESEARCH MCX SILVER UPDATE OF 16 MAY 2016

Silver trading range for the day is 39983-41513.
Silver prices recovered tracking firmness in gold and base metals prices after prices seen pressure after release of strong U.S. economic data.      
U.S. retail sales jumped 1.3 percent last month, the largest gain since March 2015 and a bigger rise than the 0.8 percent expected.         
The University of Michigan's Consumer Survey Center said its Consumer Sentiment Index soared nearly seven points in its mid-May flash reading to 95.8.  

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