KAG\/USD 1-hourly Kinesis Exchange <\/figcaption><\/figure>\n\n\n\nPrices came under pressure during the morning session after news reports said the People\u2019s Bank of China had stopped adding to its official gold holdings in May, halting an 18-month period of monthly purchases. The news quickly sent gold prices lower on Friday morning, and the weakness spilled over into silver.<\/p>\n\n\n\n
Adding to the downward momentum, US non-farm payrolls figures were released Friday showing a rise of 272,000 jobs in May, well above market expectations. The increase in employment painted a stronger than expected picture of the US economy in May, prompting markets to dial back their expectations of interest rate cuts in the next few months.<\/p>\n\n\n\n
Looking ahead, the markets will be watching out for industrial and manufacturing data for the UK and India on Wednesday, followed by US inflation figures for May. The markets will also keep an eye on an expected US Fed interest rate decision on Wednesday, widely tipped to be no change from the current 5.5%. Of more significance will be any comments on the outlook for monetary policy as the markets try to anticipate the timing of interest rate cuts in the autumn.<\/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\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>\nThis 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>
\n<\/i><\/p>\n
Read 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 Friday, as precious metals took a knock after a jump in US jobs numbers and reports that China\u2019s central bank had stopped buying gold in May.<\/p>\n","protected":false},"author":50,"featured_media":124643,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":true,"footnotes":""},"categories":[91,214],"tags":[],"class_list":["post-124602","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis","category-silver-news"],"acf":[],"yoast_head":"\n
Silver Falls to Three-Week Low | Kinesis<\/title>\n<meta name=\"description\" content=\"Discover Kinesis' silver news analysis for today, Monday 10th of June 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=\"zh_CN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Silver Falls to Three-Week Low\" \/>\n<meta property=\"og:description\" content=\"Discover Kinesis' silver news analysis for today, Monday 10th of June 2024, from leading precious metals analyst Frank Watson.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/kinesis.money\/market-analysis\/silver-falls-three-week-low\/\" \/>\n<meta property=\"og:site_name\" content=\"Kinesis\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-10T08:56:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/06\/silver-news-feature-image-silver-falls-to-three-week-low.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 Falls to Three-Week Low\" \/>\n<meta name=\"twitter:label1\" content=\"\u4f5c\u8005\" \/>\n\t<meta name=\"twitter:data1\" content=\"Frank Watson\" \/>\n\t<meta name=\"twitter:label2\" content=\"\u9884\u8ba1\u9605\u8bfb\u65f6\u95f4\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 \u5206\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/kinesis.money\/market-analysis\/silver-falls-three-week-low\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/kinesis.money\/market-analysis\/silver-falls-three-week-low\/\"},\"author\":{\"name\":\"Frank Watson\",\"@id\":\"https:\/\/kinesis.money\/#\/schema\/person\/11c4884f9d074d6831f53e287228bf52\"},\"headline\":\"Silver Price News: Silver Falls to Three-Week Low\",\"datePublished\":\"2024-06-10T08:56:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/kinesis.money\/market-analysis\/silver-falls-three-week-low\/\"},\"wordCount\":278,\"image\":{\"@id\":\"https:\/\/kinesis.money\/market-analysis\/silver-falls-three-week-low\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/06\/silver-news-feature-image-silver-falls-to-three-week-low.png\",\"articleSection\":[\"Market Analysis\",\"Silver News\"],\"inLanguage\":\"zh-Hans\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/kinesis.money\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/kinesis.money\/market-analysis\/silver-falls-three-week-low\/\",\"url\":\"https:\/\/kinesis.money\/market-analysis\/silver-falls-three-week-low\/\",\"name\":\"Silver Falls to Three-Week Low | Kinesis\",\"isPartOf\":{\"@id\":\"https:\/\/kinesis.money\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/kinesis.money\/market-analysis\/silver-falls-three-week-low\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/kinesis.money\/market-analysis\/silver-falls-three-week-low\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/06\/silver-news-feature-image-silver-falls-to-three-week-low.png\",\"datePublished\":\"2024-06-10T08:56:31+00:00\",\"author\":{\"@id\":\"https:\/\/kinesis.money\/#\/schema\/person\/11c4884f9d074d6831f53e287228bf52\"},\"description\":\"Discover Kinesis' silver news analysis for today, Monday 10th of June 2024, from leading precious metals analyst Frank Watson.\",\"breadcrumb\":{\"@id\":\"https:\/\/kinesis.money\/market-analysis\/silver-falls-three-week-low\/#breadcrumb\"},\"inLanguage\":\"zh-Hans\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/kinesis.money\/market-analysis\/silver-falls-three-week-low\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"zh-Hans\",\"@id\":\"https:\/\/kinesis.money\/market-analysis\/silver-falls-three-week-low\/#primaryimage\",\"url\":\"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/06\/silver-news-feature-image-silver-falls-to-three-week-low.png\",\"contentUrl\":\"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/06\/silver-news-feature-image-silver-falls-to-three-week-low.png\",\"width\":960,\"height\":529},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/kinesis.money\/market-analysis\/silver-falls-three-week-low\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/kinesis.money\/zh-hans\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Silver Price News: Silver Falls to Three-Week Low\"}]},{\"@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\":\"zh-Hans\"},{\"@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\/zh-hans\/author\/frankwatson\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Silver Falls to Three-Week Low | Kinesis","description":"Discover Kinesis' silver news analysis for today, Monday 10th of June 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":"zh_CN","og_type":"article","og_title":"Silver Falls to Three-Week Low","og_description":"Discover Kinesis' silver news analysis for today, Monday 10th of June 2024, from leading precious metals analyst Frank Watson.","og_url":"https:\/\/kinesis.money\/market-analysis\/silver-falls-three-week-low\/","og_site_name":"Kinesis","article_published_time":"2024-06-10T08:56:31+00:00","og_image":[{"width":960,"height":529,"url":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/06\/silver-news-feature-image-silver-falls-to-three-week-low.png","type":"image\/png"}],"author":"Frank Watson","twitter_card":"summary_large_image","twitter_title":"Silver Price News: Silver Falls to Three-Week Low","twitter_misc":{"\u4f5c\u8005":"Frank Watson","\u9884\u8ba1\u9605\u8bfb\u65f6\u95f4":"3 \u5206"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/kinesis.money\/market-analysis\/silver-falls-three-week-low\/#article","isPartOf":{"@id":"https:\/\/kinesis.money\/market-analysis\/silver-falls-three-week-low\/"},"author":{"name":"Frank Watson","@id":"https:\/\/kinesis.money\/#\/schema\/person\/11c4884f9d074d6831f53e287228bf52"},"headline":"Silver Price News: Silver Falls to Three-Week Low","datePublished":"2024-06-10T08:56:31+00:00","mainEntityOfPage":{"@id":"https:\/\/kinesis.money\/market-analysis\/silver-falls-three-week-low\/"},"wordCount":278,"image":{"@id":"https:\/\/kinesis.money\/market-analysis\/silver-falls-three-week-low\/#primaryimage"},"thumbnailUrl":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/06\/silver-news-feature-image-silver-falls-to-three-week-low.png","articleSection":["Market Analysis","Silver News"],"inLanguage":"zh-Hans","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/kinesis.money\/#organization"}},{"@type":"WebPage","@id":"https:\/\/kinesis.money\/market-analysis\/silver-falls-three-week-low\/","url":"https:\/\/kinesis.money\/market-analysis\/silver-falls-three-week-low\/","name":"Silver Falls to Three-Week Low | Kinesis","isPartOf":{"@id":"https:\/\/kinesis.money\/#website"},"primaryImageOfPage":{"@id":"https:\/\/kinesis.money\/market-analysis\/silver-falls-three-week-low\/#primaryimage"},"image":{"@id":"https:\/\/kinesis.money\/market-analysis\/silver-falls-three-week-low\/#primaryimage"},"thumbnailUrl":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/06\/silver-news-feature-image-silver-falls-to-three-week-low.png","datePublished":"2024-06-10T08:56:31+00:00","author":{"@id":"https:\/\/kinesis.money\/#\/schema\/person\/11c4884f9d074d6831f53e287228bf52"},"description":"Discover Kinesis' silver news analysis for today, Monday 10th of June 2024, from leading precious metals analyst Frank Watson.","breadcrumb":{"@id":"https:\/\/kinesis.money\/market-analysis\/silver-falls-three-week-low\/#breadcrumb"},"inLanguage":"zh-Hans","potentialAction":[{"@type":"ReadAction","target":["https:\/\/kinesis.money\/market-analysis\/silver-falls-three-week-low\/"]}]},{"@type":"ImageObject","inLanguage":"zh-Hans","@id":"https:\/\/kinesis.money\/market-analysis\/silver-falls-three-week-low\/#primaryimage","url":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/06\/silver-news-feature-image-silver-falls-to-three-week-low.png","contentUrl":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/06\/silver-news-feature-image-silver-falls-to-three-week-low.png","width":960,"height":529},{"@type":"BreadcrumbList","@id":"https:\/\/kinesis.money\/market-analysis\/silver-falls-three-week-low\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/kinesis.money\/zh-hans\/"},{"@type":"ListItem","position":2,"name":"Silver Price News: Silver Falls to Three-Week Low"}]},{"@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":"zh-Hans"},{"@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\/zh-hans\/author\/frankwatson\/"}]}},"post_thumbnails":{"large":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/06\/silver-news-feature-image-silver-falls-to-three-week-low.png","small":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/04\/silver-square-5-1.jpg"},"_links":{"self":[{"href":"https:\/\/kinesis.money\/zh-hans\/wp-json\/wp\/v2\/posts\/124602","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kinesis.money\/zh-hans\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kinesis.money\/zh-hans\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kinesis.money\/zh-hans\/wp-json\/wp\/v2\/users\/50"}],"replies":[{"embeddable":true,"href":"https:\/\/kinesis.money\/zh-hans\/wp-json\/wp\/v2\/comments?post=124602"}],"version-history":[{"count":0,"href":"https:\/\/kinesis.money\/zh-hans\/wp-json\/wp\/v2\/posts\/124602\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kinesis.money\/zh-hans\/wp-json\/wp\/v2\/media\/124643"}],"wp:attachment":[{"href":"https:\/\/kinesis.money\/zh-hans\/wp-json\/wp\/v2\/media?parent=124602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kinesis.money\/zh-hans\/wp-json\/wp\/v2\/categories?post=124602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kinesis.money\/zh-hans\/wp-json\/wp\/v2\/tags?post=124602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"\"](\"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/06\/KAG-USD-1006.png\")