Silver continues recovery and gains almost 2% today. Prices of precious metals are supported by weak US dollar and continued, strong ETF purchases. Silver tested $28 mark today and is trading almost 20% above last week's low! A peak from the beginning of August at $29 is a key area to watch now.
Silver is testing $28 after a 20% rally off last week's low. Source: xStation5
Morning wrap: Wall Street and precious metals attempt to stabilize as oil gains nearly 2%
Daily summary: Wall Street recovers losses despite a surge in yields π½ Gold and silver retreat
Large decline in crude inventories π’οΈπ
π Gold loses 1.7%