EPIC RESEARCH MCX Silver UPDATE OF 23 January 2019

Silver trading range for the day is 38581-39375.

Silver prices gained after as worries about a global economic slowdown boosted appetite for safe haven assets.

The IMF predicted the global economy would grow at 3.5% in 2019 and 3.6% in 2020, down 0.2 and 0.1% respectively from last October's forecasts.

China said that its economy expanded 6.6% in 2018, meeting expectations but slower than 6.8% in 2017.

Fixed-asset investment in China's urban areas rose 5.9% in 2018 from a year earlier.


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