EPIC RESEARCH MCX Silver UPDATE OF 28 December 2018

Posted by Commodity Updates by Epic Research on 12:33:00 with No comments

Silver trading range for the day is 37816-39220.

* Silver prices rose helped by a weaker dollar and as a recovery rally in global stock markets fizzled out, driving investors towards the safe-haven asset.

* Dollar seen some pressure weighed down by a partial U.S. government shutdown, making bullion cheaper for holders of other currencies.

* The U.S. economy slowed slightly more than previously estimated in the third quarter and momentum appears to have moderated further in the fourth quarter.

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