EPIC RESEARCH MCX SILVER UPDATE OF 10 MAY 2018

Silver trading range for the day is 39580-40520. Silver recovered on short covering after prices dropped by strength in dollar and Treasury yields after the U.S. withdrew from the nuclear deal with Iran. President Trump pulled the U.S. out of the international nuclear deal with Iran, raising the risk of conflict in the Middle East. The dollar was boosted as the yield on 10-year U.S. Treasury notes rose above the psychologically important 3% level to the highest level in two weeks.

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