Silver Dropped As The U.S. Dollar Came Off Its Lows On Strong Data - Dollar Advisory | Best Commodity Tips Provider

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Thursday 5 October 2017

Silver Dropped As The U.S. Dollar Came Off Its Lows On Strong Data

Silver trading range for the day is 38611-39863.

Silver dropped as the U.S. dollar came off its lows on strong data from the U.S. service sector index.

Pressure also seen amid growing optimism over the health of the U.S. economy and increasing expectations of a Fed rate hike in December.

Investors viewed her remarks as hawkish, which suggested that the Fed would raise rates in December, with further increases to follow in 2018.

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