EPIC RESEARCH MCX SILVER UPDATE OF 31 MAY 2016

Silver trading range for the day is 38212-38866.
Silver dropped the dollar strengthened after Federal Reserve Chair Janet Yellen said an interest-rate hike is likely in coming months.             
The Fed should increase interest rates in the coming months if the economy picks up, Yellen said on Friday, bolstering the case for a rate hike in June or July.
St. Louis Fed President James Bullard said on Monday global markets appeared to be "well-prepared" for a summer rate hike.

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