EPIC RESEARCH MCX Silver UPDATE OF 26 October 2018

Posted by Commodity Updates by Epic Research on 11:13:00 with No comments

Silver trading range for the day is 38318-39158.

* Silver dropped as the US dollar strengthened after the European Central Bank (ECB) kept interest rates unchanged in their October policy meeting.

* Fed’s Clarida said that gradual increases to interest rates are appropriate, noting that increased savings and tax cuts constitute burdens on the economy.

* Orders to US factories for big-ticket manufactured goods slowed significantly in September.

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