Silver Slumps on Wednesday as Demand Concerns Remain
From dailyforex.com
The silver market has seen a sharp drop on Wednesday, as traders continue to see a lot of sharp moves, with concerns about industrial demand. The silver market witnessed a quick and sharp drop during the trading session as the hotter than anticipated PPI numbers in the United States has effectively crushed near term Federal Reserve rate cut expectations. To be honest, I don't really know who would be thinking that it was coming. In fact, the Federal Reserve is more likely than not to be cutting rates between now and December. Despite the ongoing safe haven bid from the Iranian conflict, the surge in the US dollar and ...
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