Daily Silver News: November 7 – Silver Price: Lowest Since mid-October

From silverpriceforecast.com

Silver broke below the recent trading range; FOMC release in focus. The silver futures contract lost 4.41% on Wednesday, November 6, as it sold off after the presidential elections on Tuesday. Last Thursday, silver sold off by 3.8% following a retreat in gold prices amid economic data, stock prices pullback. Recently, it kept moving sideways despite new records in gold price. On the previous Wednesday, it was the highest since 2012. On August 8, silver rebounded from a new local low of $26.50; it was the lowest since early May after selling off on the japanese Yen turmoil, stock market’s volatility. Today, silver ... (full story)