Silver and gold extend losses
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The speculative mania in metal markets, particularly silver, had set the stage for Friday's stunning declines.
The S&P 500 was up 0.7%, helped by rise in Oracle shares after the data center company announced it's going to raise up to $50 billion to build additional capacity for cloud customers. The Dow Jones Industrial Average advanced 508 points, or 1%, while the Nasdaq Composite gained 0.8%.
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Should you buy silver at Costco with the price rising? Pros and cons investors should consider
Silver prices have been rising quickly, but there are a few things to consider before buying the metal at Costco.
Silver wiped out most of its meteoric price gains this year that was in part driven by Chinese demand.
For weeks, traders across the metals world have spent their nights glued to screens as prices for everything from gold to copper and tin seemed to break free from the gravity of supply and demand fundamentals,
COPENHAGEN, Feb 2 (Reuters) - Shares in Danish jewellery maker Pandora rose more than 8% on Monday on the back of a historic slump in silver prices. A rout in gold and silver intensified on Monday after a collapse in metals prices last week,
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3 warning signs silver could be headed for a deeper plunge, according to a top commodities expert
Silver prices crashed on Friday. One commodities expert says there are three signs to watch for to know if more pain is coming.
Gold and silver suffered one of their worst days in decades after Trump named Kevin Warsh as his Fed chair pick, reviving fears of tighter policy and higher rates.