EPIC RESEARCH MCX SILVER UPDATE OF 06 MARCH 2018

Silver trading range for the day is 38334-39172. Silver dropped as strength in dollar and gains in U.S. stock market pressured prices, offsetting earlier support from jitters over a potential trade war. Risk sentiment waned after U.S. President Trump announced plans to impose tariffs of 25% on imported steel and 10% on aluminum, in a move to “protect U.S. industry”. Markets were also jittery after Italian elections ended in a hung parliament with none of the country's three main groups able to rule alone.

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