EPIC RESEARCH MCX SILVER UPDATE OF 21 DECEMBER 2016

Silver trading range for the day is 38329-40107. Silver prices dropped as a leading dollar index revived its move to fresh 14-year highs. Silver's decline comes as Treasury yields remain elevated and global financial markets continue to monitor the uncertainties around violent attacks in Berlin. Holdings at ishares silver trust dropped by 0.22% i.e. 23.59 tonnes to 10552.24 tonnes from 10575.83 tonnes.

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