This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission.
The biggest silver price news today (Friday, May 5) is the metal’s continued decline to its lowest level of 2017.
The price of silver today is down 0.3% and trading at $16.25. According to FactSet data, that’s the lowest level for an active silver futures contract since prices closed at $15.99 on Dec. 30, 2016. Today’s drop comes after two consecutive sessions of fresh 2017 lows.
Here’s why the white metal is in free fall this week – and why it represents one of the best buying opportunities of 2017…
Silver prices are on track for a big 5.9% loss this week thanks to the Fed’s statements after its May FOMC meeting.
This post was published at Wall Street Examiner by Alex McGuire ‘ May 5, 2017.
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