July 23, 2020 COMEX Metal inventory

[SMM Silver Weekly Review: US Fed Rate Hike Lands, Silver Prices Fall 5% This Week; Market Awaits Sentiment Recovery After Bearish Factors Exhausted] Silver prices plunged this week, dropping about 5%, as the higher-than-expected US CPI and the FOMC's 25-basis-point rate hike dominated the decline, with the US dollar breaking above the 100 mark. Spot trades turned subdued, with transactions concentrated at slight premiums to parity. ETF open interest edged down. After the short-term bearish factors are exhausted, a window for sentiment recovery may emerge, but high interest rates and a strong US dollar will continue to exert pressure.