Silver trading range for the day is 39842-41260.Silver extended gains after advancing overnight as investors awaited the Fed’s monetary policy statement for fresh guidance on the future path of U.S. interest rates.
Slowing silver supplies combined with firm manufacturing and investment demand could give silver prices strong support in 2016.
Pending home sales in the U.S. rose more than expected in March, bolstering optimism over the health of the housing sector, industry data showed.
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