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Anxiety over the Federal Reserve’s policy meeting minutes pushed silver prices down as well as gold Aug. 21.
Anxiety over the Federal Reserve’s policy meeting minutes pushed silver prices down as well as gold August 21. According to MarketWatch, silver futures for September delivery fell $0.15 to $22.93 an ounce. This was compounded onto a decline of $0.095 the day prior.
The Fed “did nothing at its last policy meeting three weeks ago, but notes taken at that meeting … might point to what the Fed does next,” Adrian Ash, head of research at BullionVault, told MarketWatch. “Plainly, the idea of ‘tapering’ has dented gold and silver prices badly.”