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Silver Slips From Record on Signs 6-Day Rally Had Run Too Far

From finance.yahoo.com

Silver traded near a record high as traders bet on further monetary easing by the Federal Reserve and supply tightness. Gold slipped. The white metal whipsawed on Tuesday, slipping as much as 2.4% before rising 1.1% to approach the all-time high of $58.8434 hit the prior day. Silver is heading for its best annual performance since 1979, after having nearly doubled this year. Traders raced to price in a potential dovish policy shift by the US central bank under a new chair backed by President Donald Trump. Bloomberg News reported last week that White House National Economic Council Director Kevin Hassett emerged as ... (full story)

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  • Category: Fundamental Analysis