Silver Price Jumped on Disappointing Economic Data

A positive growth outlook last year prompted the Federal Reserve to start cutting stimulus (money prinitng) in December 2013. Then, in 29th January 2014 Fed said it will cuts another $10 billion of its monthly bond buying from $75 billion to $65 billion. However upon slowing down on stimulus package, economy did not continue to shine.

Silver prices jumped the most in almost four months on 5th Feb as a reaction to the slowing U.S. economy.

jumped

According to Bloomberg, approximately $3 trillion has been erased from equities globally in 2014. Emerging-market currencies (including Ringgit) is weakening and expansion in China is slowing.

The down turn in equities and disappointing economic data are pushing more investors to safe-haven assets such as gold and silver.

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