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Silver Prices On the Edge As US Producer Price Growth Beats Forecast
Silver prices rose further on Friday, propelled by a weakening US dollar. Silver futures price was up +0.26% and going for $23.010 an ounce at 13.30 UTC at the COMEX market, as spot silver traded at 22.970, after rising +0.19%. The US dollar has lost some of its upside propulsion over the last two days, weighed in by disappointing core retail sales and continuing jobless claims data. However, the dollar index had recovered some gains at the time of writing, rising +0.35% to stand at 104.650. Meanwhile, yields on US Treasury have spiked on hotter-than-expected producer price figures. Both 10-year bonds and 5-year ... (full story)