Commodities

Silver slides 2% amid progress in Russian-Ukrainian peace talks

2022-03-11 13:30:50 GMT (Economies.com)

Silver prices lost 2% in European trade on track for the first weekly loss in six weeks, as haven demand declines amid progress in Russian-Ukrainian peace talks.

 

Russian President Vladimir Putin said the discussions with Ukraine took a positive turn with increased progress on the most disputable points. 

 

Recent Russian-Ukrainian negotiations in Turkey achieved little progress and greatly disappointed the markets.

 

However, Putin's remarks showed unexpected progress in the peace talks, with Moscow getting concessions from Kiev.

 

Silver is down 1.5% so far this week on track for the first weekly loss in six weeks away from eight-month highs at $26.95 an ounce.

 

Silver is down 2% today to $25.41 an ounce, away from the opening of $25.89.

 

Silver rose 0.5% yesterday, after a 2.3% tumble on Wednesday on the announcement of Russian-Ukrainian peace talks in Ukraine.

More News

Risk Disclaimer : Economies would like to remind you that the data provided in this site is not necessarily in real time or accurate. All stock prices, indices, futures and foreign exchange rates are not provided by exchanges but by market makers, so prices may not be accurate, may differ from the price of the actual market, which means that the quotes represent an indication and are not suitable for commercial purposes. Therefore Economies does not assume any responsibility for any business losses that may be incurred as a result of the use of this data.