Silver Prices Moved Lower As Comments By Fed’s Chairman Jerome

Silver trading range for the day is 37737-38841.

Silver prices moved lower as comments by Fed’s Chairman Jerome Powell pushed the U.S. dollar higher despite of downbeat US durable goods orders data.

Fed's Powell: Some headwinds facing US economy are now tailwinds; FOMC sees risks roughly balanced, monitoring inflation.

Fed's Powell: Sees further gradual rate hikes, outlook remains strong; says that he, Yellen worked to provide continuity on policy.

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