EPIC RESEARCH MCX SILVER UPDATE OF 12 MAY 2017

Silver trading range for the day is 37662-38390. Silver prices ended with gains buoyed by a weaker dollar, despite the release of bullish economic data. The U.S. Labor Department said its producer price index, which measures inflation before it reaches the consumer, rose 0.5% in April, above expectations for a 0.2% increase. The number of Americans who filed for unemployment insurance for the week ended May 6, dropped to 236,000, a more than 28-year low.

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