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Friday 30 November 2018

EPIC RESEARCH MCX Silver UPDATE OF 30 November 2018

Silver trading range for the day is 35270-36170.

* Silver dropped as firmness in Rupee weighed on MCX as the U.S. dollar weakened on investors’ expectations of a slowdown in interest rate hikes.

* The chairman of the U.S. Federal Reserve, Jerome Powell, said that rates are “just below” the neutral level now.

* Powell’s comments suggest that 2019 may be more of a wait-and-see approach and the assumption of any hikes may be premature.

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