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Silver Price Prediction – Silver prices face downward pressure amid a more hawkish Fed

From fxempire.com

Silver prices face downward momentum on a stronger dollar and more aggressive Fed monetary policy. The dollar rallies to two-decade highs as investors place bets longing the dollar. Benchmark yields erased gains as investors piled into bonds due to the sell off in stocks. The Dow Jones and Nasdaq saw huge daily declines as inflation concerns rose following earnings reports. The ten-year yield slid by 9 basis points today. Oil prices decline as US companies plan to increase output, which offsets supply concerns from the Russian oil embargo. April housing starts fell by 0.2% amid rising mortgage rates. The 30-year loan ... (full story)

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  • Category: Fundamental Analysis