EPIC RESEARCH MCX SILVER UPDATE OF 23 JANUARY 2018

Silver trading range for the day is 38630-39320. Silver prices traded in range as investors took a relatively calm view of the partial shutdown of the U.S. federal government. The IMF revised up its forecast for world economic growth in 2018 and 2019 saying that sweeping U.S. tax cuts were expected to boost investment. Market participants await the outcome of the European Central Bank's meeting for possible clues to future shifts in the bank's monetary policy.

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