EPIC RESEARCH MCX Silver UPDATE OF 13 August 2018

Silver trading range for the day is 37780-38224.

Silver gained as softer-than-expected inflation indicators eased concerns over an acceleration of rate hikes from the Federal Reserve ahead of the consumer price index.

Producer price inflation for July was unchanged from the previous month, with the annualized increase easing from 3.4% to 3.3%, according to data.

Still, market participants were likely to remain cautious as they await the release of the more widely followed consumer price index for July.

Markets have priced in a rate hike for the Fed’s next meeting in September and the probability of an additional hike in December has been hovering around 70%.


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