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Thursday 21 February 2019

EPIC RESEARCH MCX Silver UPDATE OF 21 February 2019

Silver trading range for the day is 40335-41271.

Silver gained as the dollar weakened as investors bet more progress would be made in U.S.-China trade talks.

Optimism about the outcome of a fresh round of US-China trade talks in Washington this week prompted traders to scale back their safe-haven greenback holdings.

Fed’s Mester, normally considered to be one of the Fed hawks, stated that she would favor slowing down the balance sheet normalization process.

A statement from the White House noted that high level U.S.-China trade talks last week led to "progress between the two parties", but "much work remains.

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