EPIC RESEARCH MCX Silver UPDATE OF 22 March 2019

Silver trading range for the day is 37951-38661.

* Silver prices rose after the Federal Reserve ruled out the chances of any interest rate hike this year.

* The Fed left rates unchanged amid concerns over slowing growth both domestically and abroad and abandoned projections for any interest rates hikes this year.

* Earlier projections had indicated as many as two rate hikes before the end of the year, but the downward rate revision points to an expected slowdown in economic growth.

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