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Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Fed's Outdated Forecasting Challenged as Economy Defies Predictions READ MORE S&P Global Survey Shows US Business Activity Picks Up in January as Inflation Cools READ MORE Financial Planners Embrace Gold as Long-Term Investment Strategy READ MORE The Uncertain Path of the Global Economy in 2024: What to Watch READ MORE From Hawkish to Hesitant: BOJ's Rate Hike Sparks Market Meltdown READ MORE Add a Comment Cancel replyYour email address will not be published.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