Silver Futures Down Slightly at $21.63 per Ounce

Despite the bump that gold received, silver for July delivery is down to $21.63 an ounce, a $0.043 drop from the previous day, as per Bloomberg. However, spot silver prices are up $0.072, at $21.67.

This year, silver futures have declined 28 percent on the COMEX in New York, the biggest loss among the 24 commodities tracked by Standard & Poor’s GSCI Spot Index. That is due to gold entering a bear market as well as steadying consumer prices and concerns about the strength of the US economy, according to another Bloomberg article.