EPIC RESEARCH MCX SILVER UPDATE OF 03 JANUARY 2018

Silver trading range for the day is 38841-39455.Silver prices remained supported amid ongoing dollar weakness, while rising geopolitical uncertainties supported sentiment. The dollar also lagged despite the Federal Reserve’s rate increases amid increased investor expectations for other central banks to reduce their stimulus. Hedge funds and money managers cut their net short position in silver slightly, U.S. Commodity Futures Trading Commission data showed.

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