EPIC RESEARCH MCX SILVER UPDATE OF 16 AUGUST 2018

Silver trading range for the day is 37564-37990. Silver prices dropped as the US Dollar held onto its crisis-inspired gains while Treasury bond yields recovered. Turkey’s central bank announced an emergency liquidity boost, calming investors’ frazzled nerves. The dollar rose to its highest level since June 2017 on worries over President Tayyip Erdogan’s calls for lower interest rates and fraying ties between US and Turkey.

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