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Epic Research Private Limited

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Tuesday 16 October 2018

EPIC RESEARCH MCX Silver UPDATE OF 16 October 2018

Silver trading range for the day is 38804-39618.

* Silver rose as the hedge of choice against a cocktail of geopolitical tensions, tumbling equity markets and global macro uncertainties.

* U.S. retail sales barely rose in September as a rebound in motor vehicle purchases was offset by the biggest drop in spending at restaurants and bars in nearly two years.

* The Fed hiked rates last month for the third time this year and is expected to raise them again in December.

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