Silver trading range for the day is 38376-39282. Silver prices dropped as the market awaited signals of future monetary tightening by the U.S. Federal Reserve. A recent run of disappointing U.S. economic data combined with growing uncertainty about the Trump administrations ability sparked doubts over the Feds ability to raise rates. Fed is widely expected to raise interest rates in its meeting, although investors will focus on any new hints on the pace of hikes this year.

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