Silver is retracing yesterday’s advance; PPI data in focus. The silver futures contract gained 2.12% on Thursday, July 11, as it broke slightly above the recent trading range following the CPI release. The market reached a local high of $32.02, but closed more than 1% below that level. Since last Friday, it has been fluctuating due to a retreat in gold prices, stronger U.S. dollar. It rebounded from the $32 level. Last Wednesday, silver broke above the previous trading range and the $30 level. Recently, silver was gradually declining from the May 20 new medium-term high of $32.75, and on previous week, it approached ... (full story)