Silver Price Analysis: XAG/USD slumps below $29.00 as bears eye 50-DMA

Silver prices registered losses of more than 2.40% on Thursday after the Federal Reserve held rates unchanged and hinted that they would likely cut once instead of the three foreseen in the March Summary of Economic Projections (SEP).
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New Zealand's Business NZ PMI contracts to 47.2 in May vs. 48.9 prior

New Zealand’s Business NZ Performance of Manufacturing Index (PMI) contracted to 47.2 in May from the previous reading of 48.9, according to Business NZ on Friday.
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