Silver Dropped As The U.S. Dollar Gained Amid Optimism The U.S. And China

Silver trading range for the day is 38079-39051.

Silver dropped as the U.S. dollar gained amid optimism the U.S. and China could agree on a trade deal in the foreseeable future.

The greenback gained bolstered by the rise in US bond yields with benchmark 10-year yields hitting month-highs last week.

The US and China appeared to be close to a deal that would roll back US tariffs on at least $200 billion worth of Chinese imports.

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