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Silver settled up 2.66% at 35732 tracking Comex Silver's gains which climbed nearly +3.10% to their highest settlement level in more than 3 months as a drop in the US ISM services index weighed on the dollar, lifting the bullion as investment appeal. On Wednesday morning, the ADP Institute said in its January employment report that private payrolls last month rose by 205,000
Trading Ideas:
Silver trading range for the day is 34520-36396.
Silver rallied marking its best day in two weeks as the dollar slid after investors scaled back expectations for a near-term US interest rate increase.
Dollar hit its lowest against the euro since last October and wiped out recent gains against the Japanese yen after soft U.S. services sector data.
Trading Ideas:
Silver trading range for the day is 34520-36396.
Silver rallied marking its best day in two weeks as the dollar slid after investors scaled back expectations for a near-term US interest rate increase.
Dollar hit its lowest against the euro since last October and wiped out recent gains against the Japanese yen after soft U.S. services sector data.
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