EPIC RESEARCH MCX SILVER UPDATE OF 8 JUNE 2018

Silver trading range for the day is 39752-41068. Silver gained on dollar weakness as investors awaited the outcome of geopolitical risks and looked forward to key decisions on monetary policy to be delivered next week. The number of Americans filing for unemployment benefits unexpectedly fell last week, pointing to a further tightening in labor market conditions. The Fed is widely expected to raise interest rates by 25 basis points and investors will be watching to see whether policymakers project one or two further hikes this year.

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