Silver Prices Rallied After The IMF Said The U.S. Currency Is Overvalued

Silver trading range for the day is 40035-41141.

Silver prices rallied after the IMF said the U.S. currency is overvalued by 6-12% based on near-term economic fundamentals.

San Francisco Fed President Mary Daly indicated that she was still uncertain over whether it was the time to cut interest rates at the end of the month.

Construction of new houses in the US fell slightly in June and permits sank to the lowest in two years.

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