EPIC RESEARCH MCX SILVER UPDATE OF 25 OCTOBER 2017

Silver trading range for the day is 39427-40187.Silver dropped as traders continued to ditch safe-haven amid ongoing risk-on sentiment while an uptick in the dollar added to downside momentum. Prices came under pressure as the dollar edged higher on signs of progress toward pro-growth tax reform and data showing bullish manufacturing and services growth. The Markit 'flash' US Manufacturing Purchasing Managers' Index (PMI) rose to 54.5 in October, from a reading of 53.1 in September.









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