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iNVEZZ.com reported that silver spent Friday morning trading in a tight range.
iNVEZZ.com reported that silver spent Friday morning trading in a tight range.
Meanwhile, the US Mint released an update on American Eagle silver coin sales, noting that though sales resumed on Monday, it has moved to “weekly allocation.” No word yet on how long that will continue.
As quoted in the market news:
Silver for immediate delivery had gained 0.14 percent, or two cents, to $16.26 as of 06:45 GMT, and was trading over four percent below its 50-day simple moving average of $16.96. It has seen little change so far this week. Should silver end in positive territory on a weekly basis it would mark the first run of two consecutive intraweek gains since July.