EPIC RESEARCH MCX SILVER UPDATE OF 27 AUGUST 2018

Silver trading range for the day is 36293-37485. Silver prices gained after a plunge in the dollar supported a broad-based rally in metals following a dovish speech from Fed Chairman Jerome Powell. The dollar was also knocked by ongoing political uncertainty in Washington as traders assess the impact of President Donald Trump's growing legal concerns. The plunging dollar helped to overshadow concerns over the U.S.-China trade war after talks in the week led to little progress, though this outcome was widely expected.

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