EPIC RESEARCH MCX SILVER UPDATE OF 24 AUGUST 2018

Silver trading range for the day is 36393-36893. Silver prices pressured lower by the stronger dollar, which bounced on expectations for higher U.S. interest rates and rising trade tensions. The precious metal lost momentum as fears of another round of U.S. tariffs on China and expectations of higher interest rates lifted the US dollar. The Federal Reserve said in its most recent policy meeting that it is ready to hike rates again as long as the U.S. economy remains healthy.

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