EPIC RESEARCH MCX Silver UPDATE OF 12 September 2018

Posted by Commodity Updates by Epic Research on 12:03:00 with No comments
Silver trading range for the day is 36800-37810.

* Silver remained under pressure with investors reticent to bid up the metal in the face of looming U.S. interest rate increases and escalating Sino-U.S. trade tensions.

* Furthermore, U.S. payrolls data last week cemented expectations that the Federal Reserve will raise U.S. interest rates in September.

* The wholesale inventories increased 0.6% instead of gaining 0.7% as reported last month. Stocks at wholesalers edged up 0.1% in June.


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