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Friday 17 February 2017

EPIC RESEARCH MCX SILVER UPDATE OF 17 FEBRUARY 2017

Silver trading range for the day is 42456-43408. Silver rose as the dollar weakened and investors took the opportunity to buy as a hedge against political uncertainty in US and Europe. Jitters ahead of an upcoming G20 foreign ministers’ meeting – the first to be attended by members of the Trump administration – may have encouraged a cautious disposition. The number of people who filed for unemployment assistance in the U.S. last week rose by a less-than-expected 5,000 to 239,000 last week.

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