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Silver Price Analysis: XAG/USD soars amid soft Indutrial Production and Jobless Claims figures from the US
The XAG/USD saw significant upward movements in Thursday's session, soaring to $23.80, seeing more than 1.50% gains. The metal increased amid soft Industrial Production and Jobless Claims, which fuelled a decline in US yields, allowing the metal to gain interest. The Initial Jobless Claims for the week ending November 10 in the US experienced a significant rise to 231,000, surpassing the projected 220,000 and setting a three-month high. Additionally, Industrial Production for October fell short of expectations, showing a 0.6% drop on a month-on-month basis, beating the 0.3% decrease expected. Following the release of ... (full story)