EPIC RESEARCH MCX SILVER UPDATE OF 1 JUNE 2016

Silver trading range for the day is 38075-38953.
Silver prices dropped as mixed U.S. economic data likely did little to sway the Federal Reserve in either direction ahead of a highly-anticipated interest rate decision. 
The U.S. economy is on track to grow by a 2.9 percent annualised rate in the second quarter following surprisingly strong data on domestic personal spending in April.  
Investors will monitor May U.S. private-sector ISM manufacturing data, due on Wednesday, and nonfarm payrolls on Friday.

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