EPIC RESEARCH MCX Silver UPDATE OF 5 November 2018

Posted by Commodity Updates by Epic Research on 11:32:00 with No comments

Silver trading range for the day is 38239-39031.

* Silver dropped after a stronger-than-expected October jobs report, prompting prices for the precious metal to end the week with loss.

* US data showed the unemployment rate steadied at 3.7% as expected, while average earnings rose 0.2% as expected, slowing down from 0.3% in September.

* Hedge funds and money managers raised their net short positions in Comex silver contracts in the week to Oct. 30, the U.S. Commodity Futures Trading Commission said.

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