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Silver Back Below $17.00 as Possible Trade Talk Snag Unnerves Investors

From fxempire.com

Silver prices are lower at the start of the week. Currently, silver is trading at $16.84, down $0.10 or 0.65% on the day. Hong Kong Bill Irks China Silver prices have headed lower on Monday, as the trade talks between the U.S. and China may have hit another bump. The U.S. Congress has passed a bill supporting pro-democracy supporters in Hong Kong, and predictably, this has infuriated the Chinese government. However, the Chinese have apparently decided not to retaliate against the U.S. At the same time, China will not simply pretend that it’s “business as usual”, and a report that China has decided to delay the trade ... (full story)

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  • Category: Technical Analysis