EPIC RESEARCH MCX SILVER UPDATE OF 17 JULY 2018

Silver trading range for the day is 38742-39388. Silver traded in range amid expectations that higher U.S. interest rates would continue to support an uptick in the dollar, weighing on demand. The precious metal was under pressure in recent weeks by investors’ favour of the dollar over gold surrounding the impact of a U.S.-China trade war. Continued trade war concerns and a strong U.S. inflation report were cited as tailwind for the dollar last week.

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