The operations resumption of major mine plunges silver prices📉
Silver is losing nearly 3% today, which could be linked to a slight strengthening of the US dollar. On the other hand, yesterday's and today's inflation data from the U.S. suggest that the Fed may have already completed the cycle of interest rate hikes, which should support the precious metals market. Gold is gaining slightly today.
Silver, however, is losing nearly 3% today and is trading at its lowest since May 2. The Fortuna SIlver Mines company's mine in San Jose, Mexico, is resuming operations after a more than week-long strike that just began on May 2. The San Jose mine is among the 10 largest, looking at data provided to Bloomberg.
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