EPIC RESEARCH MCX Silver UPDATE OF 24 January 2019

Posted by Commodity Updates by Epic Research on 11:28:00 with No comments

Silver trading range for the day is 38727-39505.

Silver prices settled flat as investors opted to rotate out of the safe-haven asset in favor of stocks.

However, downside seen limited prolonged partial U.S. government shutdown and expectations that the Federal Reserve will hold its multi-year rate hike cycle.

Fed's Kudlow: Economic recovery will be 'immediate' when the US government reopens

The United States rejected a Chinese offer for preparatory trade talks this week ahead of high-level negotiations scheduled for next week.

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