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Tuesday 9 October 2018

EPIC RESEARCH MCX Silver UPDATE OF 09 October 2018

Silver trading range for the day is 37959-39349.

* Silver prices inched lower as the dollar firmed after China’s central bank eased its domestic policy to support the economy.

* Federal Reserve Bank of New York President John Williams endorsed the idea that the Fed will raise rates once more this year and three times next year.

* China’s central bank announced a steep cut in the level of cash that banks must hold as reserves, stepping up moves to lower financing costs and spur growth.

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