Silver price is near the $30 level again; PMI data in focus. The silver futures contract lost 3.47% on Friday, May 31, as it extended its Thursday’s sell-off of 2.6%, retracing almost all of its Monday’s-Tuesday’s rally. On previous week, silver sold off to around the $30 level. It reacted negatively to the stock market’s pullback, along with declining gold prices and strengthening U.S. dollar. On Monday, May 20, silver reached a new long-term high of $32.75, extending advances after breaking above the $30 level. In early April, silver rallied due to Middle East tensions, reaching a new medium-term local high of ... (full story)