Silver Price Tumbles as Fed Holds Rates; Dip Buyers Get Mixed Signals
Silver plunged Thursday, deepening losses after the Fed kept rates unchanged and spiking oil prices clouded prospects for easing. By 8:46 a.m. ET, spot silver had skidded 10.7% to $67.26 an ounce. “The foundations of that trade are now weakening,” said TD Securities strategist Daniel Ghali.
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