Silver Tumbles Most In 6 Months [iShares Silver Trust (ETF), SPDR Gold Trust (ETF)]

Share This Article
July 24, 2014 2:57pm NYSE:GLD NYSE:SLV

silver demandTyler Durden: Silver is down almost 3% today – its biggest drop since the end of January as precious metals both tumble back towards pre-June-FOMC levels.


News on China demand appears to be the main catalyst according to desk chatter (as well as a break through the key 50-day and 100-day moving-averages) with gold testing down to its 200-day moving average at $1286.

Worst day for Silver in 6 months.

 

Precious metals are retracing gains from the June FOMC… (and testing technical levels)

Charts: Bloomberg

This article is brought to you courtesy of Tyler Durden From Zero Hedge.


9 "Must Own" Growth Stocks For 2019

Read Next



Get Free Updates

Join over 50,000 investors who get the latest news from ETFDailyNews.com!

Most Popular



Explore More from ETFDailyNews.com

Free Daily Newsletter

Get daily ETF insights from our market experts. Never miss another important market development again!

ETFDailyNews.com respects your privacy.

Best ETFs

We've rated and ranked nearly 2,000 ETFs and ETNs using our proprietary SMART Grade system.

View Top Rated ETFs

Best Categories

We've ranked dozens of ETF categories based on relative performance.

Best ETF Categories