EPIC RESEARCH MCX SILVER UPDATE OF 6 AUGUST 2018

Silver trading range for the day is 37482-38580. Silver prices ended higher after disappointing jobs data pushed the U.S. dollar lower. The number of jobs added to the economy was less than expected in June. The Fed left interest rates unchanged, as expected but pointed to the potential for increased rate hikes due to strong U.S. economic data. The precious metal was boosted after the dollar fell due to the tepid jobs report.

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