Wednesday 19 September 2018

Silver Prices Traded In Range As The Dollar Held Its Ground After The U.S. And China

Silver trading range for the day is 36935-37911.

Silver prices traded in range as the dollar held its ground after the U.S. and China announced their latest round of measures in the escalating trade conflict.

Prices were under pressure in recent months despite intensifying trade tensions between the U.S. and its trade partners, as investors turned to the dollar for safety.

U.S. President Donald Trump said that U.S. is slapping 10% tariffs on $200 billion worth of Chinese goods, and that the tariffs would rise to 25% in January 2019.

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