Monday, 21 November 2016

DOLLAR ADVISORY MCX SILVER UPDATE OF 21 Nov 2016

Silver trading range for the day is 39877-40893. Silver prices dropped as the dollar rallied amid mounting expectation for higher U.S. interest rates. Federal Reserve policymaker James Bullard is leaning towards supporting an interest rate increase in December. Holdings at ishares silver trust dropped by 1.70% i.e. 188.84 tonnes to 10891.89 tonnes from 11080.73 tonnes.
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