Silver keeps falling for second straight day

Economies.com
2017-02-03 17:29PM UTC

Silver prices kept falling on Friday for the second straight session after hitting three-month highs yesterday, triggering profit-taking operations, while wavering in the markets hurt prices further.
 
Silver last traded at $17.39 an ounce, down from the opening of $17.44, with an intraday high at $17.47, and a low at $17.22.
 
Earlier U.S. data showed higher new jobs in January while the unemployment rate rose unexpectedly, as the dollar dithered, leading silver prices to waver as well.
 
Despite today's drop, prices are heading for the fifth weekly profit in a row as demand climbs on safe havens and alternative investments amid uncertainties in the markets due to U.S. president Donald Trump's policies, which underpins the white metal.
 
The dollar index, gauging the greenback against an array of six major rivals, fell to 99.75 from the opening of 99.81, with an intraday high at 100.31, and a low at 99.69, following the mixed U.S. payrolls report today.

Commodities News

Oil News

Commodities

Oil prices lost ground despite large US inventory drawdown
2024-04-24 20:42PM UTC
Oil prices fell on Wednesday despite earlier official data that showed a steep decline in US crude ...
Oil News

Commodities

US crude stocks fall more than expected
2024-04-24 16:29PM UTC
The Energy Information Administration reported a drop of 6.4 million barrels in US crude stocks ...
Oil News

Commodities

Oil prices move in a positive zone after surprise drop in US stocks
2024-04-24 12:29PM UTC
Global oil prices rose in European trade on Wednesday away from recent three-week lows after ...

Commodities Technical Analysis

Natural gas Analysis

Commodities

Natural gas price needs new momentum – Forecast today – 25-4-2024
2024-04-25 05:47AM UTC
Natural Gas Price Analysis Natural gas price postponed the bullish attack and formed temporary ...
Platinum Analysis

Commodities

Platinum price holds above the support – Forecast today – 25-4-2024
2024-04-25 05:39AM UTC
Platinum Price Analysis Despite platinum price facing strong negative pressures recently, caused ...
Copper Analysis

Commodities

Copper price repeats the sideways fluctuation – Forecast today – 25-4-2024
2024-04-25 05:38AM UTC
Copper Price Analysis Copper price repeated the sideways trades near $4.4000 recently, ...