EPIC RESEARCH MCX SILVER UPDATE OF 3 MAY 2018

Silver trading range for the day is 39099-39889. Silver prices rebounded as the dollar pulled away from multi-month highs amid profit taking ahead of the conclusion of the Federal Reserve policy meeting. The Fed’s preferred measure of inflation accelerated to its highest in more than a year in March, while wages grew at their fastest pace in in eleven years. Holdings at ishares silver trust gained by 1.92% i.e. 189.18 tonnes to 10045.85 tonnes from 9856.67 tonnes.

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