It was bound to happen, but silver is still way up in spot price since the beginning of the week.
Silver slid just below $26.00/toz on Friday. This is purportedly due to stronger-than-expected U.S. payrolls data that tempered expectations of interest rate cuts from the Federal Reserve. (Source: Reuters) This also affected gold.
We'll have to see how things go next week since the markets are closed for the weekend.
No comments:
Post a Comment