EPIC RESEARCH MCX Silver UPDATE OF 31 July 2018

Silver trading range for the day is 38035-38563.

* Silver remained in range as immediate global trade tension eased U.S. President and European Commission’s Juncker agreed to work towards eliminating trade barriers.

* U.S. second-quarter GDP grew at 4.1%, marking the quickest pace of growth since 2014, although its impact on the dollar seemed to be limited.

* The U.S. Federal Reserve concludes its policy meeting on Wednesday and is widely expected to reaffirm the outlook for further gradual rate rises.

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