EPIC RESEARCH MCX SILVER UPDATE OF 9 JUNE 2016

Silver trading range for the day is 38522-41310.
Silver gained as the pace of hiring by U.S. employers in April decelerated to a two-year low in April, pushing the dollar down to fresh monthly lows.    
Investors have almost priced out the chance of a rate increase at the Fed's June 14-15 policy review, and see the likelihood of a July rate hike reduced to around 26 percent      
The U.S. Labor Department said in its monthly Job Openings and Labor Turnover Survey, that the rate of hiring fell to 3.5% in April from 3.7% in March.

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