DOLLAR ADVISORY AND FINANCIAL SERVICES SILVER UPDATE OF 25 Nov 2016

Crude oil trading range for the day is 3264-3340. Crude oil dropped amid uncertainty ahead of a planned OPEC-led crude production cut and thin liquidity during the U.S. Thanksgiving holiday. IEA Director Fatih Birol told that even if production is cut, prices could soon come back under downward pressure again. OPEC is due to meet on Nov. 30 to coordinate a cut, potentially together with non-OPEC member Russia.

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