EPIC RESEARCH MCX SILVER UPDATE OF 22 MAY 2017

Silver trading range for the day is 38631-39465. Silver prices as edged up the dollar softened and stocks eased amid the ongoing political crisis in the United States that weakened risk appetite. New applications for U.S. jobless benefits unexpectedly fell last week and the number of Americans on unemployment rolls tumbled to a 28-1/2-year low. Cleveland Federal Reserve Bank President Loretta Mester repeated her call for further U.S.-interest rate hikes now that the economy has reached full employment.

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