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Monday 23 October 2017

EPIC RESEARCH MCX SILVER UPDATE OF 23 OCTOBER 2017


Silver trading range for the day is 39350-40508. Silver remained under pressure amid a sharp rise in the dollar on growing expectations of tax reform after the Senate approved the Republican-backed budget. Sentiment on the dollar turned positive on signs of tax reform bolstered investor expectations of a fiscal lift to the economy amid housing data that topped forecasts.Also weighing on prices were signs of improvement in economy the after existing home sales rose 0.7% to a seasonally adjusted annual rate of 5.39 million units last month.




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