• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Silver Market
    Silver News
    Silver Stocks
    • Silver Market
    • Silver News
    • Silver Stocks
    market news

    Silver Falls to $22 an Ounce

    Investing News Network
    May. 20, 2013 05:37AM PST
    Silver Investing

    Silver fell to $22 an ounce today, a decline of $0.528. Earlier in trading, silver declined to $20.84, the lowest price seen since September 2010, Reuters reported.

    Silver fell to $22 an ounce this morning, a decline of $0.528. Earlier in trading, silver declined to $20.84, the lowest price seen since September 2010, Reuters reported. Lower gold prices have contributed to the recent fall in silver prices.

    Silver futures on the COMEX in New York also dropped by as much as 9 percent, the source states.

    More than 3,000 lots of silver futures were sold on the COMEX in just 20 minutes in early Asian trading today.

    “The drastic move lower happened pretty much after the Chicago Mercantile Exchange’s (CME) electronic platform Globex opening,” MKS head of trading, Afshin Nabavi, told Reuters. “The move was exacerbated by the fact that it happened when liquidity was very thin in Asian trade.”

    Silver is down about 30 percent this year, the source said.

    Dow Jones Newswires said silver prices fell as Japan-based investors rushed to sell silver to make up for their losses from declining gold prices.

    dow jonesmarket newssilver futuressell silver
    The Conversation (0)

    Go Deeper

    AI Powered

    Silver Rises to $19.62 an Ounce After Stock Market Sell Off

    Silver Falls to $19.93 per Ounce as US Employment Data Looms

    Latest News

    Rio Silver arranges $1.3M private placement

    Locksley Resources Adds 249 Additional Claims to Landholding of More than 40 sq km of Highly Prospective Critical Minerals Ground in California's Mojave Region

    LKY Doubles Landholding Abutting MP Materials in Mojave Hub

    Locksley Resources Limited Doubles Landholding Abutting MP Materials in Mojave Hub

    Apollo Announces Effective Date of Share Consolidation

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×