Silver Falls 1.9 Percent On Low Demand

Reuters reported that the price of silver was down 1.9 percent to $27.39 an ounce as demand fell.

As quoted in the report:

Silver and platinum group metals, used heavily in industry, also fell after earlier reports showed that a Chinese factory purchasing managers’ index (PMI) fell to an eight-month low and the U.S. ISM survey of the American manufacturing sector shrank in July. 

Click here to read the full Reuters report.