Silver Prices Moved Lower As Growing Expectations For A March Rate - Dollar Advisory | Best Commodity Tips Provider

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Monday 6 March 2017

Silver Prices Moved Lower As Growing Expectations For A March Rate

Silver trading range for the day is 42177-42877. Silver prices moved lower as growing expectations for a March rate hike in the U.S. and a stronger U.S. dollar continued to weigh on the precious metal. 

The greenback remained broadly supported after a number of Federal Reserve officials this week expressed their support for a March rate hike.

Fed Chair Janet Yellen added her influential voice, saying a hike this month would be "appropriate" if economic data hold up.

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