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XAGUSD:Silver Suffered The Biggest Weekly Loss In Four Weeks

SILVER suffered the biggest weekly loss in four weeks last week, echoing gold’s decline as precious metals fell out of favour. The metal is currently sitting at 16.5786, which was breached on a closing basis last week for the first time since July.

Exchange-traded funds (ETFs) added 172,000 ounces of silver to physical holdings in the latest trading session, bringing total purchases for this year to 88.6 million ounces, according to a Bloomberg report yesterday. Speculative accounts turned net sellers of silver for the first time in three weeks in the week to December 3.

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10 Dec 2019 11:59 am Posted by tamilforex

 
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