Silver Down on European Debt Worries

Sep. 09, 2011 04:55PM PST

International Business Times reported that European debt concerns caused silver prices to fall.

The market news is quoted as saying:

“The thing that’s driving the euro down is concern over the Greek debt situation and, in turn, that is sort of a negative influence on economic growth in Europe,” said William Adams of FastMarkets.com. “Because silver has industrial uses as well as being a precious metal silver can be dragged down when the economic outlook deteriorates.”