Silver Prices Dropped After A Better Than Expected ADP Jobs Report

Silver trading range for the day is 41007-42171. Silver prices dropped after a better-than-expected ADP jobs report lifted expectations of a March rate hike. 

The ADP National Employment Report showed its biggest increase in more than a year in February, suggesting the U.S. economy remains on solid ground. 

Holdings at ishares silver trust dropped by 0.46% i.e. 47.14 tonnes to 10303.74 tonnes from 10350.88 tonnes. 

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