Silver Trading Range For The Day Is 41695-42199.

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Silver prices ended with small gains as rising demand was offset by a strong dollar. Prices has been hurt in recent weeks by the strength of the dollar, which has been helped by a slew of data indicating an improvement in the U.S. economy that could justify an interest rate rise later this year. 

 

The New York Federal Reserve downgraded its forecasts on U.S. economic growth in the second half of 2016 following data on regional business activities in October and a steep drop in housing starts last month. The regional central bank said its "Nowcast" model projected gross domestic product in the third quarter growing at 2.22 % versus 2.30 percent a week ago.

 

Technically now Silver is getting support at 41826 and below same could see a test of 41695 level, And resistance is now likely to be seen at 42078, a move above could see prices testing 42199.    

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