Friday 17 November 2017

EPIC RESEARCH MCX SILVER UPDATE OF 17 NOVEMBER 2017

Silver trading range for the day is 39470-40024.Silver gained despite the recent trend of flattening yields faded but downside momentum was capped by dollar weakness on the back of soft economic data.The U.S. Department of Labor reported Thursday that initial jobless claims increased 10,000 a seasonally adjusted 249,000 for the week ended Nov. 11.Traders, however, shifted attention to tax reform as the House is poised to pass a massive overhaul of the U.S. tax code on Thursday as Republicans attempt to push through tax reform before year-end.


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