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Wednesday 19 December 2018

EPIC RESEARCH MCX Silver UPDATE OF 19 December 2018

Silver trading range for the day is 37010-38264.

Silver dropped as firmness in Rupee weighed ahead of a key U.S. Federal Reserve meeting.

There is speculation that signs of economic turbulence may prompt the central bank to put brakes soon on its monetary tightening cycle kept the dollar under pressure.

The FOMC is widely expected to raise interest rates at its two-day meeting starting later in the day, but the focus will be on its outlook for 2019.

Markets speculated growth worries would prompt the Federal Reserve to signal a pause to its monetary tightening cycle at this week’s meeting.

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