Silver (XAG/USD) plunges in the mid-North American session, falling from daily highs around $21.50 just above the $21.00 figure, weighed by a buoyant greenback amidst a mixed market mood, portrayed by US equities advancing, while European bourses closed in the red. At the time of writing, XAG/USD is trading at $21.03. The US and global recession fears struck the white metal price and Gold also. On Wednesday, US Federal Reserve chief Jerome Powell admitted that achieving a “soft landing” would be challenging while accepting that the US economy might tip into a recession. Nevertheless, he reiterated Fed’s compromise to ... (full story)