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 July Sees Record Central Bank Gold Acquisition Since January READ MORE Silver Breakout Confirmed READ MORE Why Gold May Not Go Above $2,100 Without Rate Cuts READ MORE Bankrupt Crypto Lender Genesis Settles SEC Lawsuit READ MORE America's Debt Crisis: The Hard Truths Politicians Won't Tell Voters READ MORE Add a Comment Cancel replyYour email address will not be published.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