The silver market showcased a dramatic V-shape recovery, bouncing back from $30.50, following the release of the US ADP job data. nThe American Dollar has been on a roller-coaster ride, which saw repercussions in silver prices that jumped significantly compensating its previous losses. nSilver prices denominated in USD (XAG/USD) displayed strength, a direct implication of the considerably positive US ADP job data. Experts argue that this might possibly set a new trend for silver investments for the upcoming quarter. The full implication of this recovery is yet to be seen as the market responds to the unfolding economic indicators.nStay tuned for the latest updates in the commodities market. Read More
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