Silver price slides below $90 as dollar firms; traders eye Fed week ahead
Spot silver fell 3.2% to $89.38 an ounce Friday, reversing sharply from a record $93.57 in the previous session. Analysts cited profit-taking, easing Middle East tensions, and a stronger dollar after U.S. jobless claims dropped. The iShares Silver Trust slid to $81.05. Investors await the Fed’s Jan. 27-28 rate decision as bets on near-term cuts fade.