EPIC RESEARCH MCX Silver UPDATE OF 31 AUGUST 2018

Silver trading range for the day is 36584-37296.

* Silver prices dropped undermined by a firmer dollar following strong U.S. economic data.

* Traders appeared reluctant to initiate large bets, as data underlying the strength of U.S. economy, and expectations that further Fed rate hikes would likely lift the dollar.

* Chinese state planning official stoked fears of slowdown in China, warning there were increasing risks to growth in the second half of the year.

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