{"id":113368,"date":"2024-02-14T09:26:38","date_gmt":"2024-02-14T09:26:38","guid":{"rendered":"https:\/\/kinesis.money\/?p=113368"},"modified":"2024-02-14T09:26:38","modified_gmt":"2024-02-14T09:26:38","slug":"silver-plummets-to-22","status":"publish","type":"post","link":"https:\/\/kinesis.money\/de\/market-analysis\/silver-news\/silver-plummets-to-22\/","title":{"rendered":"Silver Price News: Silver Plummets to Test $22.00 Level"},"content":{"rendered":"\n

Silver prices fell sharply on Tuesday, taking a lead from gold, which dropped to a two-month low as US inflation figures came in higher than expected.<\/p>\n\n\n\n

Silver prices had one of their largest single-day sell-offs in months, dropping as low as $22.03 an ounce<\/a> in the afternoon session, compared with above $22.90 an ounce in the morning.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The grey metal was caught up in a larger downturn in the precious metals markets on Tuesday after the release of figures showing that US inflation fell to 3.1% in January from 3.4% in December, but well above expectations of 2.9%. The higher-than-expected inflation reading makes it more likely that the US Fed will keep interest rates on hold for longer \u2013 a bearish factor for precious metals, which don\u2019t carry a yield.<\/p>\n\n\n\n

Silver\u2019s sharp price drop is likely to focus minds on the longer-term charts, given the metal has tested the $22.00 an ounce level in recent months, notably in November 2023 and again in January. On a technical basis, a break below this level could leave the market open to further downside, while a rebound would help solidify $22.00 as a support base.<\/p>\n\n\n\n

Looking ahead, Wednesday will see the release of Euro Area industrial production figures for December. Unlike gold, approximately half of global demand for silver comes from the industrial sector, highlighting the metal\u2019s dual role as an industrial as well as a precious metal.<\/p>\n\n\n\n

The markets will be watching out for monthly US producer prices for December due out on Wednesday, followed by US monthly retail sales figures on Thursday, both of which will feed into the broader picture of upcoming monetary policy decisions by the US Fed.<\/p>\n\n\n\t\t\t

\n\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t

Frank\u2019s experience covering the commodities markets spans 22 years, with a particular specialism in metals, carbon and energy markets.\u00a0<\/em>He has worked as a senior editor for S&P Global Commodity Insights<\/a>\u00a0(formerly Platts) and before this, at ICIS-LOR, a part of Reed Business Information (Reed Elsevier), where he covered the petrochemicals markets from 2003 to 2005.<\/em><\/p>\n

This publication is for informational purposes only and is not intended to be a solicitation, offering or recommendation of any security, commodity, derivative, investment management service or advisory service and is not commodity trading advice. This publication does not intend to provide investment, tax or legal advice on either a general or specific basis.<\/i>
\nRead our Editorial Guidelines\u00a0<\/i>here.<\/a><\/i><\/p>\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t","protected":false},"excerpt":{"rendered":"

Silver prices fell sharply on Tuesday, taking a lead from gold, which dropped to a two-month low as US inflation figures came in higher than expected.<\/p>\n","protected":false},"author":50,"featured_media":113408,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":true,"footnotes":""},"categories":[91,214],"tags":[],"class_list":["post-113368","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis","category-silver-news"],"acf":[],"yoast_head":"\nSilver Plummets to Test $22.00 Level | Kinesis<\/title>\n<meta name=\"description\" content=\"Discover Kinesis' silver news analysis for today, Wednesday 14th of February 2024, from leading precious metals analyst Frank Watson.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"de_DE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Silver Plummets to Test $22.00 Level\" \/>\n<meta property=\"og:description\" content=\"Discover Kinesis' silver news analysis for today, Wednesday 14th of February 2024, from leading precious metals analyst Frank Watson.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/kinesis.money\/market-analysis\/silver-plummets-to-22\/\" \/>\n<meta property=\"og:site_name\" content=\"Kinesis\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-14T09:26:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/02\/silver-news-feature-Silver-Plummets-To-Test-22-Level.png\" \/>\n\t<meta property=\"og:image:width\" content=\"960\" \/>\n\t<meta property=\"og:image:height\" content=\"529\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Frank Watson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Silver Price News: Silver Plummets to Test $22.00 Level\" \/>\n<meta name=\"twitter:label1\" content=\"Verfasst von\" \/>\n\t<meta name=\"twitter:data1\" content=\"Frank Watson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Gesch\u00e4tzte Lesezeit\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 Minuten\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-plummets-to-22\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-plummets-to-22\\\/\"},\"author\":{\"name\":\"Frank Watson\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/#\\\/schema\\\/person\\\/11c4884f9d074d6831f53e287228bf52\"},\"headline\":\"Silver Price News: Silver Plummets to Test $22.00 Level\",\"datePublished\":\"2024-02-14T09:26:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-plummets-to-22\\\/\"},\"wordCount\":281,\"image\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-plummets-to-22\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/kinesis.money\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/silver-news-feature-Silver-Plummets-To-Test-22-Level.png\",\"articleSection\":[\"Market Analysis\",\"Silver News\"],\"inLanguage\":\"de-DE\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-plummets-to-22\\\/\",\"url\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-plummets-to-22\\\/\",\"name\":\"Silver Plummets to Test $22.00 Level | Kinesis\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-plummets-to-22\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-plummets-to-22\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/kinesis.money\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/silver-news-feature-Silver-Plummets-To-Test-22-Level.png\",\"datePublished\":\"2024-02-14T09:26:38+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/#\\\/schema\\\/person\\\/11c4884f9d074d6831f53e287228bf52\"},\"description\":\"Discover Kinesis' silver news analysis for today, Wednesday 14th of February 2024, from leading precious metals analyst Frank Watson.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-plummets-to-22\\\/#breadcrumb\"},\"inLanguage\":\"de-DE\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-plummets-to-22\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"de-DE\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-plummets-to-22\\\/#primaryimage\",\"url\":\"https:\\\/\\\/kinesis.money\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/silver-news-feature-Silver-Plummets-To-Test-22-Level.png\",\"contentUrl\":\"https:\\\/\\\/kinesis.money\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/silver-news-feature-Silver-Plummets-To-Test-22-Level.png\",\"width\":960,\"height\":529},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-plummets-to-22\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/kinesis.money\\\/de\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Silver Price News: Silver Plummets to Test $22.00 Level\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/#website\",\"url\":\"https:\\\/\\\/kinesis.money\\\/\",\"name\":\"Kinesis\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/kinesis.money\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"de-DE\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/#\\\/schema\\\/person\\\/11c4884f9d074d6831f53e287228bf52\",\"name\":\"Frank Watson\",\"description\":\"Frank\u2019s experience covering the commodities markets spans 22 years, with a particular specialism in metals, carbon and energy markets. He has worked as a senior editor for S&P Global Commodity Insights (formerly Platts) and before this, at ICIS-LOR, a part of Reed Business Information (Reed Elsevier), where he covered the petrochemicals markets from 2003 to 2005.\u00a0 Earlier in his career, Frank covered precious metals, base metals and energy markets, writing for AFX News (Agence France-Presse), the English-speaking financial arm of the French state-owned news agency, AFP. He produced daily precious and base metals market reports for AFX News, focused on key market movements and the factors shaping price evolution. He holds a BA in Graphic Design with Photography from the University of Wolverhampton and an MSC in Information Systems from the University of Sheffield.\u00a0\",\"jobTitle\":\"Precious Metals Market Analyst\",\"url\":\"https:\\\/\\\/kinesis.money\\\/de\\\/author\\\/frankwatson\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Silver Plummets to Test $22.00 Level | Kinesis","description":"Discover Kinesis' silver news analysis for today, Wednesday 14th of February 2024, from leading precious metals analyst Frank Watson.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"de_DE","og_type":"article","og_title":"Silver Plummets to Test $22.00 Level","og_description":"Discover Kinesis' silver news analysis for today, Wednesday 14th of February 2024, from leading precious metals analyst Frank Watson.","og_url":"https:\/\/kinesis.money\/market-analysis\/silver-plummets-to-22\/","og_site_name":"Kinesis","article_published_time":"2024-02-14T09:26:38+00:00","og_image":[{"width":960,"height":529,"url":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/02\/silver-news-feature-Silver-Plummets-To-Test-22-Level.png","type":"image\/png"}],"author":"Frank Watson","twitter_card":"summary_large_image","twitter_title":"Silver Price News: Silver Plummets to Test $22.00 Level","twitter_misc":{"Verfasst von":"Frank Watson","Gesch\u00e4tzte Lesezeit":"3 Minuten"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/kinesis.money\/market-analysis\/silver-plummets-to-22\/#article","isPartOf":{"@id":"https:\/\/kinesis.money\/market-analysis\/silver-plummets-to-22\/"},"author":{"name":"Frank Watson","@id":"https:\/\/kinesis.money\/#\/schema\/person\/11c4884f9d074d6831f53e287228bf52"},"headline":"Silver Price News: Silver Plummets to Test $22.00 Level","datePublished":"2024-02-14T09:26:38+00:00","mainEntityOfPage":{"@id":"https:\/\/kinesis.money\/market-analysis\/silver-plummets-to-22\/"},"wordCount":281,"image":{"@id":"https:\/\/kinesis.money\/market-analysis\/silver-plummets-to-22\/#primaryimage"},"thumbnailUrl":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/02\/silver-news-feature-Silver-Plummets-To-Test-22-Level.png","articleSection":["Market Analysis","Silver News"],"inLanguage":"de-DE","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/kinesis.money\/#organization"}},{"@type":"WebPage","@id":"https:\/\/kinesis.money\/market-analysis\/silver-plummets-to-22\/","url":"https:\/\/kinesis.money\/market-analysis\/silver-plummets-to-22\/","name":"Silver Plummets to Test $22.00 Level | Kinesis","isPartOf":{"@id":"https:\/\/kinesis.money\/#website"},"primaryImageOfPage":{"@id":"https:\/\/kinesis.money\/market-analysis\/silver-plummets-to-22\/#primaryimage"},"image":{"@id":"https:\/\/kinesis.money\/market-analysis\/silver-plummets-to-22\/#primaryimage"},"thumbnailUrl":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/02\/silver-news-feature-Silver-Plummets-To-Test-22-Level.png","datePublished":"2024-02-14T09:26:38+00:00","author":{"@id":"https:\/\/kinesis.money\/#\/schema\/person\/11c4884f9d074d6831f53e287228bf52"},"description":"Discover Kinesis' silver news analysis for today, Wednesday 14th of February 2024, from leading precious metals analyst Frank Watson.","breadcrumb":{"@id":"https:\/\/kinesis.money\/market-analysis\/silver-plummets-to-22\/#breadcrumb"},"inLanguage":"de-DE","potentialAction":[{"@type":"ReadAction","target":["https:\/\/kinesis.money\/market-analysis\/silver-plummets-to-22\/"]}]},{"@type":"ImageObject","inLanguage":"de-DE","@id":"https:\/\/kinesis.money\/market-analysis\/silver-plummets-to-22\/#primaryimage","url":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/02\/silver-news-feature-Silver-Plummets-To-Test-22-Level.png","contentUrl":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/02\/silver-news-feature-Silver-Plummets-To-Test-22-Level.png","width":960,"height":529},{"@type":"BreadcrumbList","@id":"https:\/\/kinesis.money\/market-analysis\/silver-plummets-to-22\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/kinesis.money\/de\/"},{"@type":"ListItem","position":2,"name":"Silver Price News: Silver Plummets to Test $22.00 Level"}]},{"@type":"WebSite","@id":"https:\/\/kinesis.money\/#website","url":"https:\/\/kinesis.money\/","name":"Kinesis","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/kinesis.money\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"de-DE"},{"@type":"Person","@id":"https:\/\/kinesis.money\/#\/schema\/person\/11c4884f9d074d6831f53e287228bf52","name":"Frank Watson","description":"Frank\u2019s experience covering the commodities markets spans 22 years, with a particular specialism in metals, carbon and energy markets. He has worked as a senior editor for S&P Global Commodity Insights (formerly Platts) and before this, at ICIS-LOR, a part of Reed Business Information (Reed Elsevier), where he covered the petrochemicals markets from 2003 to 2005.\u00a0 Earlier in his career, Frank covered precious metals, base metals and energy markets, writing for AFX News (Agence France-Presse), the English-speaking financial arm of the French state-owned news agency, AFP. He produced daily precious and base metals market reports for AFX News, focused on key market movements and the factors shaping price evolution. He holds a BA in Graphic Design with Photography from the University of Wolverhampton and an MSC in Information Systems from the University of Sheffield.\u00a0","jobTitle":"Precious Metals Market Analyst","url":"https:\/\/kinesis.money\/de\/author\/frankwatson\/"}]}},"post_thumbnails":{"large":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/02\/silver-news-feature-Silver-Plummets-To-Test-22-Level.png","small":null},"_links":{"self":[{"href":"https:\/\/kinesis.money\/de\/wp-json\/wp\/v2\/posts\/113368","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kinesis.money\/de\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kinesis.money\/de\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kinesis.money\/de\/wp-json\/wp\/v2\/users\/50"}],"replies":[{"embeddable":true,"href":"https:\/\/kinesis.money\/de\/wp-json\/wp\/v2\/comments?post=113368"}],"version-history":[{"count":0,"href":"https:\/\/kinesis.money\/de\/wp-json\/wp\/v2\/posts\/113368\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kinesis.money\/de\/wp-json\/wp\/v2\/media\/113408"}],"wp:attachment":[{"href":"https:\/\/kinesis.money\/de\/wp-json\/wp\/v2\/media?parent=113368"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kinesis.money\/de\/wp-json\/wp\/v2\/categories?post=113368"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kinesis.money\/de\/wp-json\/wp\/v2\/tags?post=113368"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}