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Tuesday, May 2, 2023

Dow Falls, Silver Jumps Up


Silver's spot price today took an upward jump today. It likely has something to do with the Federal Reserve's meeting this week.

While the Dow fell about 300 points today, silver went up 0.14%,

According to COMEX*:


It'll be interesting to see what happens tomorrow. Will it go to $26.00/toz?


 *What does COMEX stand for?

The Commodity Exchange Inc.

COMEX is an abbreviation of the exchange's full name: The Commodity Exchange Inc. COMEX merged with the New York Mercantile Exchange (NYMEX) in 1994 and became the platform responsible for its metals trading. 1 In 2008, the CME Group purchased the NYMEX, including its COMEX division.

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