EPIC RESEARCH MCX SILVER UPDATE OF 04 MAY 2017

Silver trading range for the day is 38008-39518.Silver prices dropped as the dollar firmed on expectations of a U.S. interest rate increase in June.The U.S. Federal Reserve may raise interest rates as early as June boosted the dollar.The Fed kept interest rates unchanged and downplayed weak first-quarter economic growth while emphasizing the strength of the labor market.

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