Silver Traded In Range After The Dollar Dropped On Hawkish - Dollar Advisory | Best Commodity Tips Provider

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Friday 12 January 2018

Silver Traded In Range After The Dollar Dropped On Hawkish

Silver trading range for the day is 38514-39244.

Silver traded in range after the dollar dropped on hawkish ECB meeting minutes suggesting monetary policy tightening may soon follow.

The greenback was also under pressure after data showed U.S. producer prices fell for the first time in nearly 1-1/2 years in December amid declining costs for services.

Weak inflation at the producer level could add to concerns that the factors restraining inflation could become more persistent.

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