EPIC RESEARCH MCX Silver UPDATE OF 25 January 2019

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

Silver trading range for the day is 38654-39254.

Silver dropped as firmer dollar dulled the demand despite of uncertainties surrounding a government shutdown in the United States and its trade relations with China.

Data revealed that the weekly number of Americans applying for unemployment benefits fell below 200,000 for the first time since 1969.

The U.S. economy could register zero growth in the first three months of 2019 if the partial government shutdown lasts the whole quarter.

The European Central Bank decides to keep key interest rates unchanged in its first monetary policy meeting of the year.

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