EPIC RESEARCH MCX SILVER UPDATE OF 8 AUGUST 2018

Silver trading range for the day is 37648-38296. Silver prices settled flat as a weaker dollar boosted demand for the precious metal. Expectations that the Federal Reserve will push forward with rate hikes, with markets pricing in moves in both September and December, have supported the dollar. U.S. job openings held near record highs in June amid a modest decline in hiring, pointing to a further tightening of labour market conditions.

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