Silver Prices Dropped As Optimism Over The U.S.-China Trade Talk Fanned Risk

Silver trading range for the day is 46256-48518.

Silver prices dropped as optimism over the U.S.-China trade talk fanned risk sentiment despite the ECB cut deposit interest rates and relaunched quantitative easing

The European Central Bank cut eurozone interest rates and delivered a batch of measures intended to boost the region’s sluggish economy.

The ECB cut its deposit rate further into negative territory, decreasing it by 10 basis points to negative 0.5%, while also announcing it would restart its monthly bond-buying program.

President Donald Trump said late Wednesday that the U.S. would delay implementing fresh tariffs until Oct. 15 on $250 billion in China goods.

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