Friday 30 August 2019

Silver Dropped As The Dollar Rose And Stock Markets Gained Confidence

Silver trading range for the day is 45012-48090.

Silver dropped as the dollar rose and stock markets gained confidence with the latest positive development in the U.S.-China trade deal.

The inversion is often considered a negative sign for the economy as every recession in the last 50 years has been preceded by it.

Adding to the uncertainty was British Prime Minister Boris Johnson's decision to suspend parliament for more than a month before Brexit.

China hopes the United States can cancel the planned additional tariffs to avoid an escalation in the trade war, its commerce ministry spokesman.

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Silver Trading Range For The Day Is 46112-46984

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