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Tuesday 21 February 2017

EPIC RESEARCH MCX SILVER UPDATE OF 21 FEBRUARY 2017

Silver trading range for the day is 42496-43140. Silver traded in range after a further signal that a rate hike in March is a solid possibility in otherwise light trade with U.S. markets shut for a holiday. Market activity is likely to be largely subdued until guidance on the pace of interest rate hikes from a raft of Federal Reserve speakers. At least five Fed officials are due to speak this week, while Fed Board Governor Jerome Powell appears on Wednesday.

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