EPIC RESEARCH MCX SILVER UPDATE OF 24 MAY 2016

Posted by Farhan Khan on 11:51:00 with No comments
Silver trading range for the day is 39179-40065.
Silver dropped adding to last week’s sharp losses, as markets continued to factor in the possibility of another interest rate hike by the Federal Reserve as early as June.         
Fed’s James Bullard reiterated that the U.S. central bank has a plan in place to raise rates gradually if the economy improves as expected.
Eric Rosengren, president of the Federal Reserve Bank of Boston said on Friday conditions for a rate increase are "on the verge of broadly being met."
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