EPIC RESEARCH MCX SILVER UPDATE OF 30 MAY 2016

Posted by Farhan Khan on 12:23:00 with No comments
Silver trading range for the day is 38575-39273.
Silver dropped with traders betting the Fed is likely to raise rates this summer after a raft of hawkish remarks from individual officials and the April meeting minutes.       
Fed chair sounded notably less dovish than a few months ago, joining the majority of her colleagues arguing in favor of a rate hike at one of the next meetings.
The U.S. Commerce Department revised prior estimates of first quarter GDP higher by 0.3% to 0.8% on an annual basis, slightly below consensus forecasts of 0.9%.


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