EPIC RESEARCH MCX SILVER UPDATE OF 15 JUNE 2016

Silver trading range for the day is 40903-41923.
Silver edged lower as investors readjusted positions ahead of the Federal Reserve's two-day monetary policy meeting due to begin later in the day.    
U.S. retail sales rose strongly in May suggesting that economic growth was gaining steam despite a sharp slowdown in job creation.            
Holdings at ishares silver trust gained by 0.70% i.e. 73.92 tonnes to 10661.21 tonnes from 10587.29 tonnes.

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