EPIC RESEARCH MCX SILVER UPDATE OF 15 June 2018

Posted by Commodity Updates by Epic Research on 13:11:00 with No comments

Silver trading range for the day is 40617-42067.

Silver gained as the dollar lost the momentum from a decision by the U.S. Federal Reserve to raise interest rates.

The threat of a tit-for-tat trade between the US and China comes just a day after Federal Reserve raised its outlook on rate hikes for this year and 2019.

The Fed hiked rates by 25 basis points to a range of 1.75% to 2% and hinted at two more rate hikes later in the year, instead of only one previously.

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