Silver Falls from Three-month High to $21.41 per Ounce

This morning, silver fell 1.1 percent, or $0.24, to $21.41 an ounce, according to Reuters. The decline follows the metal’s rise yesterday to $21.96, its highest price since early November.

Precious metals have recently become very appealing to investors, largely because fears of China’s slow growth and a variety of disappointing US economic reports have taken a toll on equities. While that interest may not last, Reuters quotes a VTB Capital note as saying, “at the moment investors are calling the shots and there is no point resisting the short term uptrend until the U.S. data flow improves and investor buying stalls.”