EPIC RESEARCH MCX SILVER UPDATE OF 4 JANUARY 2017

Silver trading range for the day is 38710-41350. Silver prices rallied reversing losses from a rising U.S. dollar amid renewed investor interest in the New Year. U.S. factory activity accelerated to a two-year high in December amid a surge in new orders and rapidly rising raw material prices. Data showed U.S. construction spending hit a 10-1/2-year high in November, providing a boost to a fourth-quarter economic growth estimate.



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