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Wednesday, 21 November 2018

EPIC RESEARCH MCX Silver UPDATE OF 21 November 2018

Silver trading range for the day is 36181-37231.

* Silver dropped as US dollar rallied as a sell-off in global stock markets spurred safe-haven bids and investors grew concerned about slowing global growth.

* Federal Reserve Bank of Dallas President Robert Kaplan also said in a separate interview with Fox Business that he expected a growth slowdown in Europe and China.

* Markets widely expect a fourth rate hike for this year next month and policymakers had earlier indicated two more by June 2019.

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