EPIC RESEARCH MCX SILVER UPDATE OF 19 AUGUST 2016

Posted by Anmol Shah on 11:42:00 with No comments

Silver trading range for the day is 45602-46590. Silver remained supported after a pair of U.S. economic reports did little to alter expectations that Federal Reserve interest rates would stay lower for longer. Strong employment and a long-awaited return of middle-wage jobs suggest the labour market is tightening and the broader U.S. economy is on track. Holdings at ishares silver trust gained by 0.62% i.e. 67.95 tonnes to 11056.34 tonnes from 10988.39 tonnes. 
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