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Silver Records Second-Largest Weekly Loss Amid Monetary Policy Pressures
Summary by Sada El Balad
1 Articles
1 Articles
Silver Records Second-Largest Weekly Loss Amid Monetary Policy Pressures
The Safe Haven Center announced that silver prices in the local market declined by about 7% during last week’s trading, affected by a 16% drop in the ounce on the global exchange, marking the second-largest weekly loss since the 17.39% decline recorded on January 30. The decline came as U.S. Treasury yields rose, prompting investors to shift capital from precious metals to higher-yielding assets.
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