EPIC RESEARCH MCX SILVER UPDATE OF 16 DECEMBER 2016

Silver trading range for the day is 37700-42134. Silver dropped as the dollar surged to its highest in 14 years after the U.S. Federal Reserve raised interest rates. Fed signalled a faster pace of increases in 2017 as central bankers adapted to the incoming Trump administration's promises of tax cuts Holdings at ishares silver trust dropped by 0.70% i.e. 73.74 tonnes to 10534.54 tonnes from 10608.28 tonnes.


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