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Silver Rises After Biggest One-Day Drop in More Than Five Years
Silver recovered most losses after its biggest one-day drop in more than five years, with a lingering supply shortage keeping the metal on track for a 33% monthly gain. The white metal climbed above $75 an ounce on Tuesday, following a 9% slide in the previous session, while gold edged higher after its steepest drop in two months. Tighter margin requirements on exchanges and market indicators signaling an overstretched rally contributed to Monday’s declines, with thin liquidity exacerbating recent price swings. The selloff was “largely technical: early profit-taking on precious metals’ recent spike, leveraged ... (full story)
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