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    Silver Fall as Investors Sell to Raise Cash

    Written by Investing News Network
    |
    Aug. 05, 2011 02:30PM PST

    Bloomberg reports that Silver plunged to the biggest weekly drop in three months.

    Bloomberg reports that Silver plunged to the biggest weekly drop in three months.

    The market news is quoted as saying:

    Silver futures for September delivery tumbled $1.22, or 3.1 percent, to $38.211 an ounce on the Comex, capping a two-day slump of 8.5 percent. This week, the metal dropped 4.7 percent, the most since early May.

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