Thursday, 2 August 2018

EPIC RESEARCH MCX Silver UPDATE OF 2 August 2018

Silver trading range for the day is 37685-38385.

Silver edged lower on a stronger dollar as the market waited for the result of a Federal Reserve meeting later in the day.

The Trump administration plans to propose slapping a 25-percent tariff on $200 billion of imported Chinese goods after initially setting them at 10 percent.

China's central bank will fine-tune monetary policy in a "pre-emptive" way to ensure liquidity is reasonably ample, it said.

US Markit manufacturing PMI dropped to 55.3 in July from June’s 55.4, slightly lower than the expected 55.5.

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