Silver trading range for the day is 55932-58482.
Silver dropped as a stronger dollar spooked investors away from the non-yielding metal.
US retail sales stalled in July, indicating that sky-high inflation continued to curb consumer spending.
Interest-rate worries were back in focus after data showed Britain's inflation rate rose to a new 40-year high of 10.1 percent in July.
Preliminary data from Eurostat revealed that growth in the Eurozone slowed slightly in the second quarter.
BUY SILVER SEP 2022 @ 56500 SL 55900 TGT 57200-57800.MCX
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