Tuesday, 16 July 2019

Silver Prices Steadied As A Boost In Risk Appetite From Generally Positive Economic

Silver trading range for the day is 38114-38914.

Silver prices steadied as a boost in risk appetite from generally positive economic data was insufficient to derail demand in an environment marked by decreasing yields.

Prices jumped in recent sessions amid expectations of an interest rate cut that will likely weaken the dollar and boost the metal.

The US dollar fell pressured by expectations that the Federal Reserve will start cutting interest rates at a monetary policy meeting later this month.

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