On May 6, silver futures increased by $0.17, bringing the market price to $24.18 per ounce, according to Stock Market News.
However, ETF Daily News reported that analysts believe both gold and silver are in confirmed downtrends and expect gold and silver prices to decrease. Since it takes some time to reverse a trend, some experts are concerned that there will be no changes until people begin to buy the metals.
|Silver Investing News Free Exclusive Report: When Will Silver Go Up: Is the Highest Price of Silver Still to Come? Here’s a look at all the major catalysts that are expected to affect the silver price brought to you by Investing News - Bringing you unbiased news, education and helping investors realize their financial goals|