Silver Selling Off on Yen Turmoil

From silverpriceforecast.com

Silver price is breaking lower; all eyes on japanese currency, stock markets. The silver futures contract lost 0.30% on Friday, August 2, as it extended a consolidation, remaining relatively weaker than record-breaking gold. Recently, silver has been reaching the $29 level, retracing some of its late July declines. On previous Thursday, silver lost almost 5%, accelerating its sell-off amid a rout in gold prices. In early July, it was rebounding from the $32 level despite a 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 ... (full story)