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Thursday 20 December 2018

EPIC RESEARCH MCX Silver UPDATE OF 20 December 2018

Silver trading range for the day is 37164-38088.

* Silver prices looks to remain under pressure after rise in dollar due to a more hawkish than expected outcome from the FOMC meeting.

* As expected, the Federal Reserve hiked rates and the decisions to do so were unanimous between the committee's members.

* Statement came with little new, repeating that risks to the economy appear 'roughly balanced' and will continue to monitor economic and financial conditions.

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