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SILVER MARKET UPDATE NEWS
Silver, which fell for the first week in eight, was down 0.6 percent at $19.63 an ounce while platinum lost 1.9 % at $1,077.
Silver on MCX settled down -0.64% at 46321 as strong U.S. economic data bolstered a resurgent dollar, potentially increasing the likelihood that the Federal Reserve will raise interest rates before the end of the year.
The U.S. Dollar continued its upward climb, amid broad signals that conditions in the struggling manufacturing sector have bottomed. On Friday, the flash reading for July's PMI Manufacturing Index surged more than a full point to 52.9, soaring to its highest level in nine months.
Trading Ideas
- Silver trading range for the day is 45899-46863.
- Silver prices ended with losses as pressure seen as strong U.S. economic data bolstered a resurgent dollar.
- The flash reading for July's PMI Manufacturing Index surged more than a full point to 52.9, soaring to its highest level in nine months.


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