Silver price heads into Monday after $65 dip as CME margin hike bites and U.S. data looms
Spot silver rebounded hard on Friday, finishing up 8.6% at $77.33 an ounce—after briefly tumbling below $65 during the Asian session. Still, the metal logged a hefty weekly loss of more than 8.7%. “Huge speculation on the long side,” said Jim Wyckoff, senior analyst at Kitco Metals, as the market digested a softer dollar, some bargain hunting, and renewed headlines tied to U.S.-Iran nuclear negotiations.