The U.S. dollar found some bullish support post-PMI data which maintained its contractionary outcome but at a slower rate than previous prints.

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Silver prices have recovered a large portion of yesterday’s losses after testing psychological support at $23.00. With USD weakness driving gains, economic data could boost gains.

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The precious metal is testing a new multi-month high and with little in the way of resistance on the charts, gold may soon challenge $2,000/oz.

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UK services PMI data saw the fastest drop in business activity in the last 24 months while manufacturing beat estimates. The report compounds recent negative data prints

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Euro Area PMI continues to improve adding further credence that the Eurozone may escape a recession.

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