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IPMI and Industry News: Silver Market News

Silver Daily Forecast – Silver Pressing on $12 as Market Turmoil Continues

Wednesday, March 18, 2020   (0 Comments)
Posted by: Matt Watson
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Silver Daily Forecast – Silver Pressing on $12 as Market Turmoil Continues

Kenny Fisher


Silver has lost ground on Tuesday. Currently, silver is trading at $12.43, down $0.47 or 3.75% on the day.

‘Black Monday’ Sends Silver Reeling

The financial markets were in free-fall on Monday, as the equity markets suffered there worst one-day loss since the 1987 crash. The economic picture remains grim, despite the emergency move by the Federal Reserve on Sunday, which cut interest rates to a range between zero and 0.25%. Investors remain rattled and the equity markets are bearing the brunt of the panic. Randy Frederick, vice president of trading and derivatives for Charles Schwab, was somber in an assessment of the situation, saying that “we have not experienced an issue like this in the last several decades, where it affects all industries and businesses everywhere in the world.” Frederick added that “a recession is a fairly high probability. The question is when does it start”.


Read the full article at:  https://finance.yahoo.com/news/silver-daily-forecast-silver-pressing-141739839.html


 

 

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