Silver trading range for the day is 40170-40896

Silver prices ended with weekly gains as dollar weakness continued following a recent bout of softer inflation data. St. Louis Federal Reserve Bank President James Bullard said aggressive rate increases would risk nipping off U.S. business investment. Bond market investors remain confident the Fed will hike rates in June, but less sure of prospects for rate hikes in September and December.

Trading Ideas:

* Silver trading range for the day is 40170-40896.

* Silver prices ended with weekly gains as dollar weakness continued following a recent bout of softer inflation data.

* Weaker inflation data seen earlier in the week continued to drive direction, prompting traders to scale back their expectations for a faster pace of Federal Reserve rate hikes.

* US data showed import prices rose 0.3% in April, compared to a 0.2% dip in March, and missing forecasts of a 0.5% rise.

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