EPIC RESEARCH MCX SILVER UPDATE OF 22 FEBRUARY 2017

Silver trading range for the day is 42213-43241. Silver dropped amid a rise in the dollar as market players awaited further hints on the timing of the next U.S. rate hike. Data showed the U.S. Purchasing Managers Index (PMI) was at 53.9 in February, down from 55.6 in January and expectations for 55.8. Holdings at ishares silver trust gained by 0.17% i.e. 17.68 tonnes to 10428.42 tonnes from 10410.74 tonnes.

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