EPIC RESEARCH MCX SILVER UPDATE OF 20 JULY 2018

Silver trading range for the day is 37663-38713. Silver prices dropped amid a wider selloff in metals fueled by the stronger dollar and building trade tensions. Fed Chairman Powell said he believed the US was on course for years more of steady growth and reaffirmed expectations for more interest rate rises. Prices have also failed to garner any support despite growing trade threats, suggesting the yellow metal is losing its safe haven status.

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