Silver Price Forecast: XAG/USD Crashes 7.5% As Gold Breaks Lower

From exchangerates.org.uk

Silver Price Forecast: XAG/USD Crashes 7.5% as Gold Breaks Lower and Liquidation Pressure Returns Silver and gold were hit by another wave of selling late Thursday afternoon, reversing much of this week’s stabilisation attempt. Live XAG/USD rates fell to $77.21, down 7.5% on the session, while gold dropped to $4,966, losing nearly 2% into the European close. The move leaves silver back below the psychological $80 handle and only a few dollars above last week’s volatility zone in the low-$70s. Thursday’s slide follows a relatively steady build through the week, with silver having closed Wednesday at $83.51. The ... (full story)