Silver Prices Dropped As New Applications For U.S.

Silver trading range for the day is 41708-42582.

Silver prices dropped as new applications for U.S. unemployment benefits last week recorded their biggest drop in nearly two years.

With the monthly jobs report looming, data showed a much bigger than expected drop in first-time claims for U.S. unemployment benefits.

Holdings at ishares silver trust dropped by 0.29% i.e. 29.45 tonnes to 10208.21 tonnes from 10237.66 tonnes.

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