EPIC RESEARCH MCX SILVER UPDATE OF 2 MAY 2016

Posted by Farhan Khan on 11:50:00 with No comments
Silver trading range for the day is 41666-42966.
Silver gained to its highest since January last year as BOJ’s decision to hold off expanding monetary stimulus weighed on the dollar.         
Prices remained supported after weaker-than-expected U.S. economic growth cut prospects for higher interest rates.              
Silver’s 15 percent surge in the month has bettered gold’s advance amid optimism that industrial usage will increase as China’s economy shows signs of stabilizing.     

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