EPIC RESEARCH MCX SILVER UPDATE OF 16 JUNE 2016

Silver trading range for the day is 41203-41771.
Silver remained in range as market awaited the U.S. Fed’s policy statement amid concerns about a potential British exit from the European Union.          
The Federal Open Market as expected, left the target range of its benchmark Federal Funds Rate unchanged at a level between 0.25 and 0.50%.            
The Committee currently expects that, with gradual adjustments in the stance of monetary policy, economic activity will expand at a moderate pace.

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