(Kitco News) – Silver prices are sharply decrease and hit a four-week low in late-morning buying and selling Tuesday. The steel is getting hit tougher than gold amid a rally within the U.S. inventory market that has put some danger urge for food again into {the marketplace}, amid the coronavirus outbreak that has gripped markets the previous few days.
Gold costs are holding up pretty properly Tuesday, however Tuesday’s worth motion once more exhibits that silver, the safe-haven little brother to gold, can many occasions take a larger hit when danger urge for food improves.
Some near-term technical injury has been inflicted in silver Tuesday, as a worth downtrend on the every day bar chart has been restarted, suggesting some extra draw back worth stress is probably going within the close to time period.
March silver was final down $0.501 at $17.55 an oz..
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