[MARKET UPDATE] Silver continues to slide with prices down around 5% in early Asia trade after slipping beneath USD 70/oz and then to below USD 68/oz
Silver's substantial decline of approximately 5% after breaching key psychological levels indicates a potential shift in market sentiment.
Japanese Household Spending MoM (Dec) M/M -2.9% vs. Exp. -1.3% (Prev. 6.2%, Low. -3.5%, High. 0.1%)
Japanese Household Spending YoY (Dec) Y/Y -2.6% vs. Exp. 0% (Prev. 2.9%, Low. -3.7%, High. 1.0%)
[MARKET UPDATE] Silver continues to slide with prices down around 5% in early Asia trade after slipping beneath USD 70/oz and then to below USD 68/oz
Apple (AAPL) is scaling back plans for new AI-based health coach service, according to Bloomberg
[MARKET UPDATE] US equity futures are on the backfoot following the reopen with Emini S&P down 0.5% and Emini Nasdaq 100 down 1.0%, amid headwinds from Amazon which shares dropped around 10% post-earnings on bottom line miss and elevated capex guidance
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The drop below USD 70/oz and further to USD 68/oz may suggest underlying weakness in demand or increased selling pressure, impacting not just silver but possibly broader commodity trends and inflation hedging strategies.
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