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Silver Slips to 3-Week Low as Downturn Continues

From fxempire.com

Silver continues to lose ground this week. Currently, silver is trading at $17.80, down $0.15 or 0.89% on the day. Silver Slipping as Risk Appetite Returns December was all roses for silver, which jumped 4.9% on the month. The upswing continued into the New Year, after a U.S. drone attack killed an Iranian general and Iran retaliated with a missile attack on U.S. bases in Iraq. Tensions rose to a fever pitch in the Middle East, as fears rose that the U.S. and Iran could go to war. Investors flocked to safe assets, and silver prices climbed close to the lofty $19.00 level. The spike in silver prices was all-too-brief, ... (full story)

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  • Category: Technical Analysis