EPIC RESEARCH MCX SILVER UPDATE OF 2 AUGUST 2016

Silver trading range for the day is 47315-48263.  Silver prices pared some of its gains after seen supported amid waning expectations that the Federal Reserve will raise interest rates anytime soon.     
 Comex Silver touched a three-week high of $20.64 an ounces, and is up 47 percent since the start of the year. 
Hedge funds and money managers increased their net long position in COMEX silver contracts, in the week to July 26.

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