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SILVER

Silver trading range for the day is 60830-65614.

Silver prices fell as the dollar rallied after the release of strong U.S. labor data.

The dollar hit a four-month high against the euro as strong U.S. jobs data bolstered expectations for early tapering of economic support

The Labor Department released a report showing non-farm payroll employment spiked by 943,000 jobs in July after surging by an upwardly revised 938,000 jobs in June.

Fed Chair Powell indicated further progress was needed in labor market recovery before the central would consider scaling back stimulus.

SILVER SEP 2021 @ 62000 SL 61200 TGT 62800-63500.MCX

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