EPIC RESEARCH MCX SILVER UPDATE OF 08 MAY 2017

Silver trading range for the day is 37485-38809.Silver prices dropped as expectations for a June rate hike surged, after the U.S. economy created more jobs than expected in April.Investor sentiment shifted towards risker assets, after the Labor Department said that the U.S. economy added 211,000 jobs.The unemployment rate fell to its lowest level since May 2007, dropping to 4.4%, down from 4.5% in March.

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