Spot silver fell 2% during the day, currently quoted at $67.85 per ounce.

Japanese Finance Minister Katsunobu Katayama has issued a warning to market speculators, stating that Japan is prepared to intervene in the foreign exchange market again if necessary.

Daly stated that the Federal Reserve may not need to raise interest rates this month. Although inflation has risen to 3.7%, the “risk is not realistic” and decisions can be made calmly.