EPIC RESEARCH MCX SILVER UPDATE OF 18 July 2018

Silver trading range for the day is 37991-39345.

* Silver prices fell as a stronger dollar weighed on the precious metal and Federal Reserve Chair Jerome Powell backed gradual rate increases.

* Fed's Chairperson Powell reiterated the central bank should gradually increase interest rates.

* U.S. industrial production increased in June, boosted by a sharp rebound in manufacturing, the latest sign of robust economic growth in the second quarter.

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