Monday, 23 April 2018

Silver Prices Dropped As Safe Haven Demand Faded Amid Easing Geopolitical Concerns

Silver trading range for the day is 39994-40802.

Silver prices dropped as safe-haven demand faded amid easing geopolitical concerns, while continued dollar strength added to downside momentum.

Fed Chairman Jerome Powell warned during a speech recently that inflation could increase to uncomfortable levels if it takes them too long to raise interest rates.

Holdings at ishares silver trust dropped by 0.36% i.e. 35.15 tonnes to 9850.82 tonnes from 9885.97 tonnes.

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