Silver's 6.3% Friday Rout: Why Four Separate Forces Hit the Metal at Once
Published . Updated .
Silver slid 6.3% to $49.14/oz Friday as US and eurozone inflation data fueled rate-hike bets, energy
Directly affected
- No company is named in this report.
Indirectly affected
- SLV iShares Silver Trust-25.2% 30d
iShares Silver Trust: it follows the silver price. Linked by “silver” (silver) in this story.
- TIP iShares TIPS Bond ETF-0.5% 30d
iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.
- VGK Vanguard FTSE Europe ETF
Vanguard FTSE Europe ETF holds stocks listed in Europe, which this story is about (“eurozone”).
- BWX SPDR Bloomberg International Treasury Bond ETF
SPDR Bloomberg International Treasury Bond ETF holds government bonds outside the US, which react to inflation and interest-rate news like this one in Europe
- EFA iShares MSCI EAFE ETF-2.2% 11d
iShares MSCI EAFE ETF is a broad fund of developed-market stocks that includes Europe
- PAAS Pan American Silver-14.3% 30d
Pan American Silver (gold and silver ores): silver miners' profits move with the silver price. Linked by “silver” (silver) in this story.
- CDE Coeur Mining-22.4% 30d
Coeur Mining (gold and silver ores): silver miners' profits move with the silver price. Linked by “silver” (silver) in this story.
- HL Hecla Mining-26.3% 30d
Hecla Mining (mining and quarrying of nonmetallic minerals (no fuels)): silver miners' profits move with the silver price. Linked by “silver” (silver) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| SLVNo price data for this ticker | — | — | — | — | — | — | — |
| TIPNo price data for this ticker | — | — | — | — | — | — | — |
| VGKNo price data for this ticker | — | — | — | — | — | — | — |
| BWXNo price data for this ticker | — | — | — | — | — | — | — |
| EFANo price data for this ticker | — | — | — | — | — | — | — |
| PAASNo price data for this ticker | — | — | — | — | — | — | — |
| CDENo price data for this ticker | — | — | — | — | — | — | — |
| HLNo price data for this ticker | — | — | — | — | — | — | — |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
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Silver's 6.3% Friday Rout: Why Four Separate Forces Hit the Metal at Once ad-hoc-news.de
Source: ad-hoc-news.de
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12 out of 100
“Silver's 6.3% Friday Rout: Why Four Separate Forces Hit the Metal at Once” scores 12 out of 100. The score uses 1 sources.