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Tuesday, 27 December 2016

EPIC RESEARCH MCX SILVER UPDATE OF 27 DECEMBER 2016


Silver trading range for the day is 38111-38941. Silver dropped as sentiments still remain weak in the short term as the Fed hikes rates more aggressively. Prices have fallen sharply as a soaring U.S. dollar, rising Treasury yields and a record-breaking rally on Wall Street have damped its appeal. The outlook for bullion remains cloudy in the near-term, given expectations for higher U.S. interest rates in the months ahead.




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