EPIC RESEARCH MCX SILVER UPDATE OF 16 MARCH 2018

Silver trading range for the day is 38228-39032. Silver prices turned lower as the release of mostly positive U.S. data pushed the greenback higher. The U.S. Labor Department reported that initial jobless claims decreased by 4,000 last weeks to 226,000, compared to expectations for a fall to 230,000. The Philadelphia Fed's manufacturing index fell to 22.3 in March from 25.8 the previous month, confounding expectations for a reading of 23.2.

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