[MARKET UPDATE] Silver continues to slide and is now down 13% with prices testing USD 76/oz to the downside
Silver's persistent decline, now down 13% and testing the USD 76/oz level, indicates significant selling pressure likely tied to broader market dynamics affecting metals.
[MARKET ANALYSIS] Asia-Pac stocks are pressured following the continued tech selling stateside and flip-flopping regarding US-Iran talks, while the metals sell-off persisted
Sony (6758 JT) 9-month (JPY) net loss 409.7bln, oper. profit 1.28tln (prev. 1.06tln Y/Y), rev. 9.44tln (prev. 9.23tln Y/Y), raises share buyback to JPY 150bln from JPY 100bln
[MARKET UPDATE] Silver continues to slide and is now down 13% with prices testing USD 76/oz to the downside
[MARKET ANALYSIS] DXY remains afloat but with upside capped after recent mixed data and flip-flopping regarding US-Iran talks
[MARKET ANALYSIS] Treasuries are uneventful ahead of central bank announcements and supply
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This move not only reflects a potential shift in demand but also suggests implications for inflation expectations and possibly a stronger dollar. Traders should watch for further correlation with equity movements and overall risk sentiment in these conditions.
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