Silver prices saw limited movement today, confined to a tight range as investors await clearer economic signals.

The spot price of silver has remained relatively stable, with analysts pointing to a cautious market sentiment. Traders appear hesitant to take strong positions ahead of upcoming economic releases that could influence the metal’s trajectory.

Factors contributing to the narrow trading range include:

• Uncertainty surrounding global economic growth
• Anticipation of central bank policy decisions
• Fluctuations in the US dollar

Market participants are closely monitoring these developments for potential catalysts that could trigger a breakout from the current range.

Some analysts believe that silver’s long-term outlook remains positive, citing its industrial applications and safe-haven appeal. However, short-term price action is expected to remain subdued until more definitive economic data emerges.