Silver price near $86.50 ahead of US CPI data
Silver trades firmly near a two-month high of $86.50. The white metal has held onto its almost week-long rally despite stable oil prices.
The US Consumer Price Index data for April is expected to show a rise in headline inflation to 3.7% Year-on-Year from 3.3%.
Silver price has been boosted by its bullish bias, trading at around $86.50 in the Asian trade, above the previous low of $77.90 and a recent high of $83.06.