Fed Chairman's Comments Tarnish Silver

Fed Chairman's comments tarnish Silver: Silver futures are weak this morning, trading near two-month lows, as "hawkish" comments on inflation from Federal Reserve Chairman Ben Bernanke yesterday have traders looking for further interest rate increases from the Fed. In a speech at the American Banker's International Monetary Conference, Chairman Bernanke gave little doubt that the Fed would not "pause" in raising the Fed Funds rate at its next meeting on June 28th. This news sent the US Dollar sharply higher and sent precious metals lower, including Silver. Read More....