EPIC RESEARCH MCX Silver UPDATE OF 7 January 2019

Silver trading range for the day is 38772-39870.

* Silver dropped as higher-than-expected jobs numbers increased the chance of the Federal Reserve hiking rates this year.

* Fed’s Kaplan said that the Fed ought to stop raising interest rates until it gets a clearer picture of where the economy is headed.

* The US ISM manufacturing activity index fell to 54.1 in December, above the 50 mark that separates growth from contraction.


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