Silver Dropped As The U.S. Dollar Surged Following The Release Of Data

Silver trading range for the day is 35957-36657.

Silver dropped as the U.S. dollar surged following the release of data that showed U.S. consumer sentiment was at a 15-year high.

Reports that China’s state-run media expressed impatience over the progress of trade negotiations with Washington also supported the dollar.

Pressure also seen after the U.S. officially announced that it would delay a decision on imposing tariffs on imports of cars from Japan and European countries.

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