EPIC RESEARCH MCX Silver UPDATE OF 21 February 2019
Posted by Commodity Updates by Epic Research on 10:51:00 with No comments
Silver trading range for the day is 40335-41271.
Silver gained as the dollar weakened as investors bet more progress would be made in U.S.-China trade talks.
Optimism about the outcome of a fresh round of US-China trade talks in Washington this week prompted traders to scale back their safe-haven greenback holdings.
Fed’s Mester, normally considered to be one of the Fed hawks, stated that she would favor slowing down the balance sheet normalization process.
A statement from the White House noted that high level U.S.-China trade talks last week led to "progress between the two parties", but "much work remains.
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