Daily Silver News: July 29 – Silver Remains Relatively Weaker than Gold

From silverpriceforecast.com

Silver price is rebounding above the $28 level; economic data in focus this week. The silver futures contract gained 0.16% on Friday, July 26, as it remained close to its new local low from Thursday. On Thursday, silver lost 4.6%, accelerating its sell-off following a rout in gold prices. Recently, silver has been fluctuating along the $29 level, and on Thursday, its daily low was at $27.56. In early July, it was rebounding from the $32 level despite a record-breaking rally in gold prices. In May and June, silver was gradually declining from the May 20 new medium-term high of $32.75, and in late June, it was briefly ... (full story)