Thursday 22 August 2019

Silver Prices Traded Lower As Safe-Haven Demand Faltered

Silver trading range for the day is 43405-44085.

Silver prices traded lower as safe-haven demand faltered as risk appetite returned to markets ahead of the minutes from the last Federal Reserve meeting.

The US dollar fell with the drop in Treasury yields, as investors braced for a potentially dovish Federal Reserve at the meeting in Jackson Hole

In US existing home sales rose 2.5% to a seasonally adjusted annual rate of 5.42 million units last month.

The escalation in the trade war between the world's biggest economies and an increasingly dovish shift in policy by central banks have contributed to a rise this month.

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