EPIC RESEARCH MCX SILVER UPDATE OF 24 MAY 2017

Silver trading range for the day is 39367-40541. Silver pared gained amid growing expectations that Fed would increase its benchmark rate in June, which pushed the dollar off the lows, denting demand. A U.S. interest rate hike next month is a "distinct possibility," the head of the Federal Reserve Bank of Philadelphia, Patrick Harker, said. Investor sentiment has been hit by fears that the U.S. political system could become engulfed by crisis, preventing lawmakers from pushing through tax or spending reforms.

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