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Friday 20 May 2016

EPIC RESEARCH MCX SILVER UPDATE OF 20 MAY 2016

Silver trading range for the day is 38855-41355.
Silver dropped as market players continued to price in the improved chances of multiple rate increases from the Federal Reserve this year           
Downward pressure briefly increased after U.S. data showed the number of Americans filing for unemployment aid fell last week          
Fed’s Dudley noted that it could be appropriate to raise interest rates in June or July if U.S. GDP continues to pick up following a weak first quarter. 

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