3/5/2021 3:53:30 PM GMT | By Joel Frank
Spot silver only very briefly dipped below $25.00 in wake of a strong US NFP report.
But the precious metal still trades lower on the day as precious metal sentiment remains ropey.
Spot silver prices (XAG/USD) are currently trading in the low $25.00s, having been sent below the $26.00 level on Thursday in wake of comments from the Chairman of the Federal Reserve Jerome Powell. As a recap, Powell was dovish on the economy and the outlook for interest rates but did not indicate anything about Fed plans to tweak/expand its QE programme in order to address rising US bond yields, which appears to have been the source of the market’s disappointment.
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