EPIC RESEARCH MCX Silver UPDATE OF 19 March 2019

Silver trading range for the day is 37556-38296.

Silver dropped after the U.S. dollar turned easy ahead of the Federal Reserve's rate decision next week and on optimism about U.S.-China trade talks.

Weak economic data underscored the Federal Reserve's "patient" stance toward further interest rate hikes this year.

US manufacturing output dipped for a second straight month in February and factory activity in New York state was weaker than expected this month.

Fed is widely expected to keep monetary policy unchanged at the end of its two-day policy meeting and policymakers will also update their projections for future rate hikes.

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