EPIC RESEARCH MCX SILVER UPDATE OF 1 JUNE 2018

Silver trading range for the day is 39608-40368. Silver dropped as gains on the back of a weaker dollar were offset somewhat by easing safe-haven demand as Italian political turmoil subsided. U.S. consumer spending posted its biggest gain in five months in April, a further sign that economic growth was regaining momentum early in the second quarter. Euro zone inflation jumped far more than expected in May on higher energy costs, offering relief to the European Central Bank after market turbulence.

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