DOLLAR ADVISORY MCX SILVER UPDATE OF 18 Nov 2016

Silver trading range for the day is 40207-41657. Silver dropped as sentiment moved into bear territory ahead of an expected Fed rate hike next month and a strong dollar curbed buying interest. Yellen said Fed policymakers at their meeting earlier in November judged that the case for a rate hike had strengthened. St. Louis Fed President James Bullard said that the Fed would hike U.S. interest rates in December barring any major shocks. 

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