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Thursday 28 June 2018

EPIC RESEARCH MCX SILVER UPDATE OF 28 JUNE 2018

Silver trading range for the day is 39320-39928. Silver steadied despite signs of a late-day turnaround in risk sentiment as a strong dollar continued to keep a lid on the metal's advance. The Federal Reserve should continue to gradually raise interest rates to lower the risk of a major policy error, Fed’s Eric Rosengren said. The dollar meanwhile is near 2018 highs, due to expectations that Fed will increase interest rates again after raising them in June for the second time this year.

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