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Tuesday 29 January 2019

EPIC RESEARCH MCX Silver UPDATE OF 29 January 2019

Silver trading range for the day is 39475-40317.

Silver prices rose ahead of a U.S. Federal Reserve meeting where the central bank is widely expected to leave interest rates unchanged.

Fed will conclude its two-day policy meeting on Wednesday and is widely expected to hold rates steady after raising them in December for the fourth time in 2018.

The ongoing trade negotiations between the U.S. and China is also expected to be a major focus, as the two sides try to reach a trade deal.

Chinese officials will arrive in Washington on Wednesday for another round of trade talks with their U.S. counterparts.

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