Silver Prices Ended With Weekly Gains As Dollar Weakness Continued

Silver trading range for the day is 40170-40896.

Silver prices ended with weekly gains as dollar weakness continued following a recent bout of softer inflation data.

Weaker inflation data seen earlier in the week continued to drive direction, prompting traders to scale back their expectations for a faster pace of Federal Reserve rate hikes.

US data showed import prices rose 0.3% in April, compared to a 0.2% dip in March, and missing forecasts of a 0.5% rise.

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