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Wednesday 30 January 2019

EPIC RESEARCH MCX Silver UPDATE OF 30 January 2019

Silver trading range for the day is 39735-40607.

Silver edged up as the dollar weakened ahead of a two-day U.S. Federal Reserve meeting, which will likely keep interest rates steady.

Some U.S. central bank officials have said they will be patient in raising rates given the stalemate over global trade and the U.S. federal government shutdown.

The rally came as the dollar continued to sink on bets that Fed Chairman Powell might sound another dovish note in his news conference.

Investors in precious metals are also awaiting the outcome of U.S.-Sino trade talks, which resumes in Washington this week ahead of a March 1 deadline for a deal.

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