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Silver Pushing Higher on Weaker US Dollar
Silver prices are seeing better demand today, tracking the move higher in gold with both metals seen benefiting from a weaker US Dollar. The greenback slipped from 4-month highs today despite a set of better-than-forecast data yesterday. Both the ADP jobs number and the ISM services reading saw upside surprises, offering furtehr pushback against December easing expectations. However, with the US govt shutdown attracting greater focus (now the longest shutdown in history), USD has weakened creating room for a push higher here in the metals. Silver prices remain down from the YTD highs following a correction lower over ... (full story)
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