EPIC RESEARCH MCX SILVER UPDATE OF 05 JULY 2017

Silver trading range for the day is 37378-37964. Silver prices remained under pressure as the release of minutes from the U.S. Federal Reserve's last meeting remained in focus. U.S. manufacturing data boosted expectations the Fed would raise interest rates again this year as other central banks shift towards tighter monetary policy. BOE’s Ian McCafferty stuck to his view that interest rates should rise now, saying that the economy has not slowed by as much as predicted.

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