EPIC RESEARCH MCX SILVER UPDATE OF 27 MAY 2016

Silver trading range for the day is 38607-39865.
Silver dropped amid strong U.S. economic data and as investors await a highly-anticipated appearance from Fed’s Janet Yellen for further signals           
The U.S. economy is set to grow by a 2.9% annualised rate in second quarter following the latest data on durable goods orders and advance goods trade showed           
The U.S. Labor Department said initial jobless claims fell by 10,000 for the week ended on May 20 to 268,000, slightly below expectations of 275,000.              
                
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