Silver (XAG/USD) trades on the front foot on Friday but lacks strong follow-through and remains within the narrow range seen this week. At the time of writing, XAG/USD trades around $65 after bouncing from an intraday low of $63.51.
The US Dollar (USD) weakens across the board as the latest batch of US economic data reduces expectations of a near-term Federal Reserve (Fed) interest-rate hike, creating a supportive backdrop for the non-yielding metal.
Meanwhile, Silver also maintains a positive technical bias following its recent recovery from near $55. However, weakening short-term momentum leaves the metal vulnerable to further consolidation.
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