Silver Remained Supported As Weak Economic Data From The U.S. And China

Silver trading range for the day is 46862-48486.

Silver remained supported as weak economic data from the U.S. and China raised hopes of further stimulus from global central banks.

Fed Chair Jerome Powell reiterated his soft-repeated pledge that the Federal Reserve will "act as appropriate" to sustain the U.S. economic expansion.

Data showed weaker than expected U.S. jobs growth in the month of August, while data from China showed that the country's exports unexpectedly fell.

German industrial output unexpectedly fell in July, adding to signs that struggling manufacturers could tip Europe’s biggest economy into a recession in the third quarter.

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