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Thursday, 19 May 2016

EPIC RESEARCH MCX SILVER UPDATE OF 19 MAY 2016

Silver trading range for the day is 40384-41432.
Silver dropped as market players looked ahead to minutes of Fed’s April policy meeting, which many feared could be more hawkish than the statement.       
The Fed will likely raise interest rates next month if economic data points to stronger second-quarter growth as well as firming inflation and employment        
Housing starts and industrial production rebounded strongly last month, suggesting the economy was regaining steam early in the second quarter.

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