EPIC RESEARCH MCX Silver UPDATE OF 28 September 2018

Silver trading range for the day is 37040-38340.

* Silver dropped after the third U.S. rate hike for the year and the Federal Reserve’s indication of plans for more.

* The Fed’s Chairman Jerome Powell also discussed trade related issues, adding that the Fed had heard a "rising chorus of concerns from businesses all over the country."

* The US economy grew as expected in the second quarter, that confirmed that gross domestic product (GDP) rose at its quickest rate in nearly four years.

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