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Thursday 1 March 2018

EPIC RESEARCH MCX SILVER UPDATE OF 01 MARCH 2018

Silver trading range for the day is 38496-39026. Silver prices steadied as markets took a breather after comments by Federal Reserve Chair Jerome Powell in the previous session weighed on the precious metal. Fed Chair Jerome Powell reiterated that the U.S. central bank would likely move forward with gradual increases in interest rates. The U.S. currency, which in February recorded its best monthly performance since November 2016, has been bolstered by Powell's hawkish stance on the U.S. economy.

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