EPIC RESEARCH MCX Silver UPDATE OF 27 August 2018

Silver trading range for the day is 36293-37485.

* Silver prices gained after a plunge in the dollar supported a broad-based rally in metals following a dovish speech from Fed Chairman Jerome Powell.

* The dollar was also knocked by ongoing political uncertainty in Washington as traders assess the impact of President Donald Trump's growing legal concerns.

* The plunging dollar helped to overshadow concerns over the U.S.-China trade war after talks in the week led to little progress, though this outcome was widely expected.


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