Silver Gained As U.S. Dollar Fell After Fed Chairman Powell Signaled

Silver trading range for the day is 37808-38708.

Silver gained as U.S. dollar fell after Fed Chairman Powell signaled a readiness to cut interest rates in response to "uncertainty" over the outlook for the U.S. economy.

Powell indicated that overall growth has "moderated" and said "there is a risk that weak inflation will be even more persistent than we currently anticipate.

Job openings, a measure of labour demand, slipped by 49,000 to a seasonally adjusted 7.3 million in May, the Labor Department said.

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