Silver Tumbles Over 5% as Investors Flee to Cover Stock Losses Silver prices plunged more than 5% on Monday, falling below $28.00 per ounce, due to fears of a global economic slowdown. Weaker-than-expected US employment and manufacturing data have heightened concerns about a recession, prompting investors to liquidate silver positions to cover stock market losses. Despite expectations of Federal Reserve rate cuts, which usually support precious metals, the pressure from the broader market selloff overshadowed these factors. The decline in US bond yields and the dollar also failed to lift silver prices, which reached their lowest level in nearly three months. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Wholesale prices unexpectedly fell 0.2% in May READ MORE Gold and Bitcoin: Vital Challengers to Fiat Currencies READ MORE Rate Cut Speculation Dampens Gold Prices; Copper Struggles READ MORE Stacking Gold Bars in BullionStar’s Vault READ MORE India's Gold Demand Climbs 8% in Q4 Despite High Prices, WGC Reports READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment