Silver price today falls back under $90 after record run as traders brace for Fed
Spot silver dropped 2.9% to $89.65 an ounce Friday, retreating from Thursday’s record $93.57. Retail investors poured $921.8 million into silver-backed ETFs over the past 30 days, intensifying price swings. U.S. markets close Monday for Martin Luther King Jr. Day. Traders are watching for the Federal Reserve’s Jan. 27-28 meeting.