EPIC RESEARCH MCX SILVER UPDATE OF 16 July 2018

Silver trading range for the day is 38557-39599.

* Silver prices slid as the dollar rose to a two-week peak, buoyed by safe-haven purchases made in an ongoing U.S.-China tariff trade war.

* U.S. consumer prices data showed a build-up of inflation pressure that would allow the Fed to raise rates as many as four times this year.

* The European Central Bank will keep rates at a record low for as long as needed to raise inflation, minutes of the bank's latest meeting showed.

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