EPIC RESEARCH MCX Silver UPDATE OF 23 August 2018

Silver trading range for the day is 36627-37309.

Silver traded in range as political uncertainty weighed on the U.S. dollar and investors looked ahead to meeting minutes from the Federal Reserve.

The latest comment by the Chinese Foreign Ministry cites that it hopes the trade talks with the US can produce a good outcome.

However, news of planned U.S.-China trade talks and a partial recovery in Turkey’s lira have steadied investor nerves slightly.

Investors were looking ahead to Friday and a speech by Fed Chairman Powell in which he might give clues about the pace of U.S. interest rate rises.

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