EPIC RESEARCH MCX SILVER UPDATE OF 05 MAY 2017

Silver trading range for the day is 37383-38941. Silver prices dropped after the Federal Reserve left the door open to raising interest rates in June The U.S. central bank's policymaking committee downplayed weak first-quarter economic growth while emphasizing the strength of the labor market. Elsewhere, mixed U.S. economic data failed to stem the slide in gold prices, after initial jobless claims fell more than expected while factory orders eased in March.

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