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iNVEZZ.com reported that silver rose on Thursday morning after officials from the US Federal Reserve expressed concern “that the US economy may be vulnerable to a global slowdown.”
iNVEZZ.com reported that silver rose on Thursday morning after officials from the US Federal Reserve expressed concern “that the US economy may be vulnerable to a global slowdown.”
Specifically, some members believe expansion “might be slower than they expected if foreign economic growth came in weaker than anticipated.”
As quoted in the market news:
Silver for immediate delivery rose nearly one percent to $17.52 per Troy ounce as of 07:51 BST, and was trading 6.7 percent below its 50-day simple moving average of $18.78. Spot silver has recorded gains in three out of the past four sessions and has rallied over five percent so far this week after it touched $16.65 on Monday, the lowest in over four years.