Silver Spot Price Drops amid Fed Stimulus Uncertainty
NEW YORK (Sept 9) The silver spot price declined on Monday with investors weighing the prospects of the US Federal Reserve tapering its bond-buying programme later in September following last week’s weaker-than-expected US nonfarm payrolls. Silver futures also declined on the Comex in New York.
Silver Edges Lower amid Fed Stimulus Speculation
The spot silver price shed 0.71 percent or 17 cents to trade at $23.69 an ounce as of 14:10 BST on Monday. Silver futures for December delivery traded 0.72 percent lower at $23.72 an ounce. Earlier, the contract traded one percent down at $23.65 an ounce.