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iNVEZZ.com reported that silver was down in Monday morning trading. The white metal rebounded during the previous session after “soft US nonfarm employment data” hurt the dollar and boosted precious metals.
iNVEZZ.com reported that silver was down in Monday morning trading. The white metal rebounded during the previous session after “soft US nonfarm employment data” hurt the dollar and boosted precious metals.
As quoted in the market news:
Silver for immediate delivery had slid 0.31 percent, or nearly five cents, to $15.71 as of 08:15 GMT, and was trading over 10 percent below its 50-day simple moving average of $17.49. It rose 2.4 percent during the previous session, the steepest gain since 6 October, after it reached a fresh four-year low of $15.04 in earlier trading. Spot silver recorded its fourth straight intraweek decline, a period in which it has tumbled 9.2 percent.