EPIC RESEARCH MCX SILVER UPDATE OF 06 NOVEMBER 2017

Silver trading range for the day is 38464-40072. Silver dropped amid dollar strength as a weaker-than expected jobs report failed to derail investor expectations for a year-end rate. Prices remained under pressure amid ongoing risk-on sentiment as service sector growth offset data pointing to labor market weakness. The upbeat nonmanufacturing report raised investor expectations of bullish U.S. economic growth, spurring a rebound on the dollar.

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