EPIC RESEARCH MCX SILVER UPDATE OF 17 AUGUST 2016

Silver trading range for the day is 45645-47165. Silver prices edged higher as disappointing U.S. economic data tempered expectations of a near-term interest rate hike by Fed, weighing on the dollar. Atlanta Fed’s Lockhart said the U.S. economy is likely strong enough for at least one rate increase before the end of 2016, with two a possibility. U.S. consumer prices were unchanged in July as the cost of gasoline fell for the first time in five months and underlying inflation moderated.

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