EPIC RESEARCH MCX SILVER UPDATE OF 16 FEBRUARY 2018

Silver trading range for the day is 37850-39170. Silver prices traded in range as sentiment on the greenback remained vulnerable despite the release of mostly positive U.S. data.Prices remained supported as expectations for a faster pace of rate hikes by the Federal Reserve drove the benchmark 10-Year Treasury yield to a four-year high. Market participants were betting on a faster pace of U.S. rate hikes after the report showed that consumer prices rose more than expected in January.

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