Silver Price Today Slides Near $69 as Fed Hike Bets Bite, Silver Stocks Sink
Silver sank 4.8% to $69.39 an ounce by 2:14 p.m. ET on Friday, tracking toward a weekly loss as both the dollar and Treasury yields strengthened after Reuters said Washington was sending more troops to the Middle East. Gold dropped 1.8%, platinum declined 0.9%, and palladium slipped 1.6%. Independent metals trader Tai Wong described gold and silver as getting pulled down while markets navigated their “usual wall of worry,” cautioning that “a bumpy ride” could lie ahead.
