Silver Futures Record Longest Fall Since February 2001

Bloomberg reported that silver futures for May delivery have fallen for nine sessions in a row, the longest decline since February 2001.

As quoted in the market news:

Silver futures for May delivery declined 0.4 percent to settle at $19.708 an ounce at 1:41 p.m. on the Comex in New York.

Silver has fallen 5.4 percent since March 19, when Federal Reserve Chair Janet Yellen said the central bank’s debt-buying program may end this year with interest rates starting to rise in early 2015. Gold, which slid last year by the most since 1981, rebounded in 2014 as the global expansion faltered and tensions escalated in Ukraine. Those bullish influences are ‘transient,’ and the price gains will be short-lived, Goldman’s Jeffrey Currie said March 20

Click here to read the full Bloomberg report.