Silver is getting smoked
Precious metal prices are sliding on Monday after the failure of Turkey's attempted military coup.
Silver and gold jumped on Friday after news that the army had moved against Turkey's President Recep Tayyip Erdogan. Silver and gold are seen as "safe haven" investments - when things are looking bad and you are not sure where to put your money, go for something that will always be valuable.
But the coup quickly fizzled out and, as a result, gold and silver are taking a hit. Silver is bearing the brunt of the fall, dropping to a 10-day low. The precious metal is down 1.16% to $19.93 after just over half an hour of trade in London:
Investing.com
Gold is faring better, down just 0.04% to $1,326.85. However, that's close to 2-week lows for the metal. Here is how it looks:
Investing.com
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