Daily Silver News: October 15 – Silver Remains Above $31

From silverpriceforecast.com

Silver price is moving sideways; markets await more data. The silver futures contract lost 1.38% on Monday, October 14, as it retraced some of its last week’s advance. On Thursday, silver gained 1.9%, and on Friday, it closed 1.7% higher, retracing most of its Tuesday’s decline. Last Tuesday, the market reacted negatively to gold prices breakdown below the $2,650 level, selling off by over 4%. On the previous Friday, it reached a new medium-term high of $33.22, before retracing closer to the $32 level again. Silver price was the highest since December of 2012. On August 8, silver rebounded from a new local low of ... (full story)