[MARKET UPDATE] Spot silver has wiped out the entirety of this week's gains, currently trading at USD 101/oz
Silver's decline, erasing all of this week's gains, suggests a significant shift in market sentiment, potentially driven by factors like demand fluctuations or changes in investor risk appetite.
UK Mortgage Lending (Dec) 4.60B vs. Exp. 4.5B (Prev. 4.59B, Rev. From 4.49B, Low. 4.2B, High. 4.8B)
[MARKET ANALYSIS] Metals slip (XAU -5.7%, XAG -12.3%) as Warsh emerges as frontrunner for Fed Chair
[MARKET UPDATE] Spot silver has wiped out the entirety of this week's gains, currently trading at USD 101/oz
Pantheon's Vistesen writes "State CPIs in Germany coming in very hot here, at least relative to our expectations; this will be a bad day for ECB doves, by the looks of it."
German GDP Growth Rate QoQ Flash (Q4) Q/Q 0.3% vs. Exp. 0.2% (Prev. 0.0%)
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Traders should look for underlying reasons, such as macroeconomic data or geopolitical events, as these could signal a broader trend affecting silver and other precious metals.
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