Silver Continues to Drop Sharply, Pushed Down by Concern Over US Monetary Policy

The Globe and Mail reported that silver prices have continued their downward trend so far this year, pushed down by the minutes from the US Fed, which raised concerns about the country’s monetary stimulus policy.

As quoted in the market report:

Selling momentum quickly accelerated in precious metals a day after minutes were released from the latest U.S. Federal Reserve meeting that revealed it is eyeing the possible end to quantitative easing measures before the end of 2013. Gold futures are down just over 2 per cent, and silver is off 3.5 per cent.

To view the full Globe and Mail report, click here.