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Thursday 7 February 2019

EPIC RESEARCH MCX Silver UPDATE OF 7 February 2019

Silver trading range for the day is 39871-40575.

* Silver dropped on a firmer dollar as investors waited for signs of resolution in U.S.-China trade talks, while keeping an eye on the Federal Reserve’s monetary policy.

* The Institute of Supply Management, reported a five-month low in U.S. services sector activity for January, increasing worries of demand on a global scale.

* Investors will be closely watching a number of Fed speeches this week for further clues on interest rates.

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