EPIC RESEARCH MCX Silver UPDATE OF 16 January 2019

Posted by Commodity Updates by Epic Research on 11:17:00 with No comments

Silver trading range for the day is 39291-39909.

Silver gained supported by market expectations of fewer interest rate hikes in the year by the U.S. Federal Reserve.

Beijing signalled more supportive measures to stabilise a slowing economy, and emphasised that China is seeking a strong start in the first quarter.

The dollar weakened on heightened expectations the Fed will hold off on raising rates this year due to a slowdown in global growth.

China's trade surplus with the US rose 17% on the year to $323.32 billion in 2018.

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