Silver Prices Ended With Gains As Traders Expect A U.S. Rate Cut This Month

Silver trading range for the day is 40848-41588.

Silver prices ended with gains as traders expect a U.S. rate cut this month.

The metal was supported by IMF’s comments that the U.S. dollar is overvalued, and U.S. President Donald Trump’s call for lower interest rates.

St Louis Federal Reserve President James Bullard said he sees the case for a 25 basis point cut in the Fed’s July 30-31 meeting.

Expectations for a rate cut of half a percentage point at the Fed's July 30-31 meeting edged out further on Monday to hit 14.5%.

For more information ✆ +91- 6232578593 or visit www.moneymarketmanthan.com