Silver Prices in Recovery Silver prices crashed $1.26, or 7.3%, on Thursday as markets dissected the Federal Reserve’s decision to raise interest rates. Policymakers also signaled faster rate increases in each of the next two years, putting pressure squarely on non-yielding assets.
The grey metal is on track for a weekly loss of nearly 5%, and has declined more than 9% since the start of November.
Meanwhile, February gold futures were up $5.90, or 0.5%, at $1,135.80 a troy ounce. Bullion plunged 3% on Thursday, reaching its lowest settlement since the start of February.
The US dollar was trading slightly lower against a basket of other major currencies Friday morning after surging to nearly 14-year highs in the prior session. The greenback scored huge gains against the euro, yen, franc and Canadian dollar in the wake of the Fed’s decision. The dollar index was last down 0.1% at 102.92.
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