EPIC RESEARCH MCX SILVER UPDATE OF 06 FEBRUARY 2017

Silver trading range for the day is 41272-42140. Silver prices recovered from lows as a soft U.S. jobs report clouded the outlook for as many as three rate hikes this year forecast by the Fed. Data from US showed that January non-farm payrolls rose by 227,000 jobs, the largest gain in four months. The ISM report showed that activity in the U.S. service sector saw continued growth in the month of January, the pace of growth in the sector slowed slightly.

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