EPIC RESEARCH MCX SILVER UPDATE OF 28 FEBRUARY 2018

Silver trading range for the day is 37737-38841. Silver prices moved lower as comments by Fed’s Chairman Jerome Powell pushed the U.S. dollar higher despite of downbeat US durable goods orders data. Fed's Powell: Some headwinds facing US economy are now tailwinds; FOMC sees risks roughly balanced, monitoring inflation. Fed's Powell: Sees further gradual rate hikes, outlook remains strong; says that he, Yellen worked to provide continuity on policy.

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