Silver Futures Maturity Pressure
Silver futures are under pressure as they approach their maturity date.
Too little corroboration in the last 3 days to call a trend (11 articles). Watching for it to gain traction.
Mainstream financial press is carrying this — attention has broadened beyond specialist outlets.
"The futures market suggests that investors are still cautious. While gold was able to stay positive, there was some profit booking in silver."
"Silver traded down 2.2% to $57.67 on Friday, while copper fell 0.4% to $6.4495."
"Gold & Silver Under Pressure as Asia Tech Drops"
"Gold & Silver Under Pressure as Asia Tech Drops"
"Silver also pared gains, falling Rs 300 to Rs 2,29,700 per kilogram. Traders said bullion witnessed profit-booking amid rising oil prices and concerns that persistent inflation could delay monetary policy easing by major central banks"
"silver continued to witness sustained liquidation"
"Silver, however, witnessed a decline in the local market. The price of one tola dropped by Rs134 to Rs6,155, while the rate for 10 grams fell by Rs115 to Rs5,276."
"Silver has come under additional pressure because it is both a precious and industrial metal. Concerns over slowing industrial demand have added to the downside."
"Going ahead, we expect the contract to break down below the support at ₹2,66,000 and witness another leg of a downtrend."
"Analysts said silver prices came under pressure amid a strong US dollar and volatility in the global commodities market."