Silver Slips Below $65 as Traders Await US PPI Data

Spot silver is trading lower on Thursday, slipping below the $65 level to around $64.90 at the time of writing. The white metal is consolidating after its recent advance, with investors refraining from taking large positions before the release of US producer inflation data.

The decline leaves XAG/USD down about 0.64% on the day. While the metal has moved below $65, cooling US inflation is helping to limit further downside, keeping the pullback contained for now. Traders are awaiting the producer inflation report for additional insight into the inflation outlook.