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Silver bears are making their moves ahead of the Fed
The Silver price was offered on Tuesday. Silver sold off following a mixed inflation report from the US and ahead of the Federal Open Market Committee's interest rate decision, statement, projections and Chairman Jerome Powell's press conference on Wednesday. At the time of writing, XAG/USD is trading down some 1.60% after dropping $24.407 to a low of $23.668 so far. Silver was sold off when traders noted the implications for sticky core inflation in the US. While the US Consumer Price Index edged up 0.1% last month after increasing 0.4% in April, core CPI increased 0.4% in May, rising by the same margin for the ... (full story)