Gold and silver prices are sharply lower this morning as a result of a mostly stronger U.S. Dollar and record highs for major stock indexes. This week’s market activity suggests the Federal Reserve could raise U.S. interest rates at its December Meeting. Gold prices are currently down $40 to $1226.89 while silver prices are down $1.26 to $17.51.
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Silver trading range for the day is 39930-42224.Silver prices fell as market players continued to dump the metal in wake of Donald Trumps victory in the U.S. presidential election.Fed Chair Janet Yellen is due to testify on the economic outlook before the U.S.
Silver Receiving Attention Silver Buz Traders Noticing Silver Receiving Attention The precious metal is trading at $19.19 per ounce at 09:40 GMT this morning, 0.03% lower from the New York close. During the session, silver traded at a high of $19.27 per ounce and a low of $19.06 per ounce. In the New York session yesterday, silver fell 1.16% and closed at $19.19 per ounce, tracking weakness in gold prices. Immediate downside, the first support level is seen at $18.98 per ounce, while on…
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