EPIC RESEARCH MCX SILVER UPDATE OF 2 MAY 2018

Silver trading range for the day is 38578-39602. Silver prices fell pressured lower by a stronger dollar ahead of the Federal Reserve’s latest policy decision and the U.S. jobs report later this week. The dollar rose 2% in April after the yield on 10-year U.S. Treasury notes rose above the psychologically important 3% level for the first time in four years. Geopolitical developments were also in focus as South Korean President Moon Jae-in’s spokesmen said that North Korea would shut down its main nuclear test site in May.

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