Tuesday 23 August 2016

EPIC RESEARCH MCX SILVER UPDATE OF 23 AUG 2016

Silver trading range for the day is 43889-45571.  Silver dropped as the dollar strengthened after comments from U.S. Federal Reserve officials increased bets on a U.S. rate hike this year.           Fed’s Williams said last week that he would like to see another rate increase "sooner rather than later."             Holdings at ishares silver trust gained by 0.94% i.e. 103.40 tonnes to 11159.74 tonnes from 11056.34 tonnes. 

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