EPIC RESEARCH MCX SILVER UPDATE OF 5 MAY 2016

Posted by Farhan Khan on 11:52:00 with No comments
Silver trading range for the day is 40757-41907.
Silver dropped as the U.S. dollar staged a recovery after a pair of Federal Reserve officials talked up U.S. interest rate hikes this year.
Silver soared to USD 17.85/oz driven by a substantial pick up in bullish positioning and a positive outlook for the physical market.              
Holdings at ishares silver trust dropped by 0.46% i.e. 48.31 tonnes to 10490.00 tonnes from 10538.31 tonnes.

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