EPIC RESEARCH MCX Silver UPDATE OF 8 February 2019

Posted by Commodity Updates by Epic Research on 12:32:00 with No comments

Silver trading range for the day is 39751-40141.

* Silver dropped after U.S. President Donald Trump's State of the Union address failed to offer fresh evidence of progress in the U.S.-China trade talks.

* However, lingering concerns about U.S.-China trade disputes and the Federal Reserve's recent comments on rate hikes limited the metal's losses.

* U.S. will likely increase tariffs on $200 billion worth of Chinese imports to 25 percent from 10 percent if the two sides cannot reach a deal by the March 1 deadline.

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