EPIC RESEARCH MCX SILVER UPDATE OF 1 AUGUST 2016

Silver trading range for the day is 46695-48037.
Silver gained as the U.S. Dollar fell sharply amid subdued GDP data and a soaring Yen after the Bank of Japan approved modest stimulus measures.      
US inflation accelerated during the second quarter, the preliminary data showed, with the core gauge easing from the Federal Reserve's target.            
Japan’s Central Bank took some action by upping the level of ETF purchases from ¥3.3 to 6 trillion, the BOJ largely fell short of expectations for further interest rate cuts.

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