EPIC RESEARCH MCX Silver UPDATE OF 21 August 2018

Silver trading range for the day is 36541-37155.

Silver prices traded in range as traders waited for references from the Federal Reserve later this week.

Also lending support to prices was a retreat in the greenback as reports surfaced Monday that Trump criticized Fed chairman Powell for ongoing increases in interest rates.

However, news of planned U.S.-China trade talks and a partial recovery in Turkey’s lira have steadied investor nerves slightly.

Investors were looking ahead to Friday and a speech by Fed Chairman Powell in which he might give clues about the pace of U.S. interest rate rises.

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