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Friday 22 February 2019

EPIC RESEARCH MCX Silver UPDATE OF 22 February 2019

Silver trading range for the day is 39851-40713.

* Silver prices turned negative after the Federal Reserve signalling it was preparing to stop trimming its balance sheet later this year.

* Almost all participants thought that it would be desirable to announce before too long a plan to stop reducing the Fed’s asset holdings later this year, minutes showed.

* The Fed has been allowing as much as $50 billion a month of maturing securities to roll off its balance sheet, which peaked at roughly $4.5 trillion in Jan. 2015.

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