Weekly Silver Review: Volatile Moves Dominate Sentiments

4 Jun 2022 , 12:47 PM

COMEX Silver futures saw volatile moves after witnessing good gains in last few days of May 2022. The commodity tracked choppiness in equities and was also concerned about the retail buying in major markets. A report released by the University of Michigan showed the consumer sentiment index in the US for May was downwardly revised to 58.4 from the preliminary reading of 59.1. The report showed the current economic conditions index slid to 63.3 in May from 69.4 in April, while the index of consumer expectations also tumbled to 55.2 in May from 62.5 in April. COMEX Silver futures failed to sustain above $22 per pound mark. Powered by Commodity Insights