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Tuesday 28 November 2017

EPIC RESEARCH MCX SILVER UPDATE OF 28 NOVEMBER 2017


Silver trading range for the day is 38966-39644.Silver recovered from lows with sentiment on the rate outlook awaiting further insights from a slew of Fed speakers as well as the US treasury secretary. Weighing on the dollar were the minutes, showing policymakers were concerned about low inflation and could be wary of raising interest rates rapidly. Sales of new U.S. single-family homes unexpectedly rose in October to hit a 10-year high amid robust demand across the country, offering a boost to the housing market.




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