Economic factors influencing silver

Silver Investing News reports silver prices have fallen from $10.26 on Fridaylast week to $9.15 on Monday this week.

Silver and gold were both under pressure from a firm dollar, falling oil prices, and grim global economic news.

Resource stocks in general experienced losses. The TSX took a dive and analysts anticipate its six-session streak of gains will hit the skids. The S&P/TSX Composite Index dropped 6.95 per cent to 8,626.36 points. Resource stocks were also on the decline in New York with mining stocks plunging 10 per cent.

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