EPIC RESEARCH MCX Silver UPDATE OF 13 November 2018

Posted by Commodity Updates by Epic Research on 11:32:00 with No comments

Silver trading range for the day is 36364-37304.

* Silver prices dropped as the dollar jumped on the back of political uncertainty in Europe and the U.S. Federal Reserve’s hawkish stance on interest rates.

* The Federal Open Market Committee (FOMC) eased concerns that the Fed would let up in its tightening of monetary policy.

* The Commerce Department said that wholesale inventories rose 0.4% in September, slightly faster than its initial estimate of growth of 0.3%.

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