EPIC RESEARCH MCX SILVER UPDATE OF 5 JUNE 2018

Silver trading range for the day is 39247-40005. Silver traded in range as a Federal Reserve interest rate hike expected next week kept a lid on upside in the precious metal. Though the upbeat nonfarm payroll data last week supported the dollar, the uncertain trade prospects between the U.S. and China set the dollar back. The U.S. reported an increase in nonfarm payroll employment of 223k in May versus 159k the same period last year, which fuelled the dollar.

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