EPIC RESEARCH MCX SILVER UPDATE OF 15 JANUARY 2018

Silver trading range for the day is 38718-39392. Silver prices gained shrugging off renewed signs of US inflationary pressure as dollar fell to lows amid euro and sterling pressure.Chancellor Angela Merkel struck a deal with the Social Democrat Party (SPD), paving the way for government coalition talks.US data showed US retail sales rose 0.4% m/m in December, slowing down sharply from 0.9% in November, revised from 0.8%, while expected a 0.5% increase.



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