EPIC RESEARCH MCX Silver UPDATE OF 16 August 2018

Silver trading range for the day is 37564-37990.

* Silver prices dropped as the US Dollar held onto its crisis-inspired gains while Treasury bond yields recovered.

* Turkey’s central bank announced an emergency liquidity boost, calming investors’ frazzled nerves.

* The dollar rose to its highest level since June 2017 on worries over President Tayyip Erdogan’s calls for lower interest rates and fraying ties between US and Turkey.

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