EPIC RESEARCH MCX SILVER UPDATE OF 6 JUNE 2018

Silver trading range for the day is 39348-40078. Silver rose on a weaker dollar despite upbeat U.S. economic data suggesting inflationary pressures were building, raising the prospect of further rate hikes. The ISM non-manufacturing paid index rose to its highest since 2017, adding to a recent string of positive data suggesting inflationary pressures were gathering momentum. U.S. services sector activity accelerated in May, pointing to robust economic growth in the second quarter.

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