EPIC RESEARCH MCX SILVER UPDATE OF 05 JANUARY 2018

Silver trading range for the day is 38711-39655. Silver prices traded in range with US nonfarm payrolls key for the precious metal and a reading of 190,000 new jobs added in December expected today. Prices moved off session lows shrugging off the prospect of further Fed’s rate hikes amid upbeat labor market data pointing to underlying strength in the US economy. Investor concerns that continued upbeat US economic data could strengthen the case for the Fed to raise rates more than currently priced in.




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