Silver price (XAG/USD) continues its winning streak for the fifth consecutive day, hovering around $31.70 per troy ounce during the Asian trading hours on Wednesday. The non-yielding Silver has found support as US Treasury yields declined in response to disappointing manufacturing data released on Tuesday.
The NY Empire State Manufacturing Index unexpectedly dropped by 23 points to a reading of -11.9 in October, marking its lowest level in five months. This decline indicates a contraction in business activity in New York, following a growth reading of 11.5 in September
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