In the coming week, silver may trade with a sideways to bullish bias and could continue its trajectory to test the newly formed 52-week high as long as the above mentioned supports are upheld.
Gold, silver price on May 9: Precious metal prices stays weak in last session businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.
Prices pulled off record highs this week as strong U.S. inflation and retail sales data saw investors scale back bets that the Fed will cut interest rates in June.
Looking ahead to the coming week, the spotlight will be on the US PCE price index, the second estimate of US Q4 GDP, ISM Manufacturing PMI, and a series of speeches from Fed officials.