EPIC RESEARCH MCX Silver UPDATE OF 14 August 2018

Posted by Commodity Updates by Epic Research on 12:48:00 with No comments

Silver trading range for the day is 37338-38346.

Silver prices ended lower amid economic turmoil in Turkey left markets uncertain about direction.

The U.S. imposed sanctions and doubled tariffs on the Turkey’s steel and aluminum to 50% and 20% respectively.

Tensions between the U.S. and Turkey continued on Monday, with Turkey’s central bank pledging to provide liquidity and cut reserve requirements for Turkish banks.

China’s central bank said it would maintain its prudent and neutral monetary policy to ensure ample liquidity and keep the yuan largely stable.

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