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Silver Prices Slip to 5-Week Low as Risk Appetite Improves

From fxempire.com

Silver continues to lose ground in Friday trade, after sustaining sharp losses on Thursday. In the European session, the metal is trading at $16.97, down $0.13 or 0.81% on the day. Silver Breaks Below $17.00 Silver fell by almost 3.0% on Thursday, marking the sharpest one-day decline since September 30. The pair dropped below the 17.00 level for the first time since October 1, and the metal is currently trading at 16.98. Trade Talks Optimism Send Silver Reeling Silver has plunged 6.2% this week, as the metal is headed towards its worst week since October 2016. Precious metals are sharply lower, as investor risk ... (full story)

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  • Category: Technical Analysis