EPIC RESEARCH MCX SILVER UPDATE OF 21 JULY 2016

Silver trading range for the day is 45305-47363.
Silver dropped as the U.S. stocks were poised to extend a hot streak, denting the precious metal's safe haven appeal.              
Traders expect the Fed to signal a willingness to raise interest rates by year's end as long as the US economy performs reasonably well.            
Silver continued to strengthen, meanwhile, with net long positions up 6% to a new high of 85,867 contracts - CFTC data. 

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