
Silver prices moved within a limited range as investors weighed weak US employment data, which was not enough to fuel expectations of an imminent interest rate cut. The Federal Reserve's cautious stance has kept buying interest in silver from strengthening, although the precious metal remains supported by global economic uncertainty.
On the other hand, the relatively stable US dollar and the lack of significant decline in bond yields have restrained silver's movement. The market is now awaiting the release of inflation data and statements from Fed officials to determine whether silver will receive further momentum or remain flat. (az)
Silver prices at the time of this analysis were released were at $65,684.
Disclaimer
This article is analytical in nature and is not a definitive reference. Please consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id
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