EPIC RESEARCH MCX Silver UPDATE OF 19 October 2018

Silver trading range for the day is 38346-39216.

# Silver settled flat as the minutes from the latest Federal Open Market Committee meeting reinforced expectations for tighter U.S monetary policy.

# Minutes showed that officials believed the central bank should continue to increase interest rates to ensure a stable economy.

# The Federal Reserve said real GDP appeared to be rising at a "strong" rate in the third quarter, similar to its pace in the first half of the year.

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