Silver Heads for Bear Market Amid Reports of Waning Demand

Bloomberg reported that concerns of a slowdown in Chinese demand have forced silver down, prompting concern that demand is dwindling.

As quoted in the market report:

Silver has taken it on the chin,” Frank McGhee, the head dealer at Integrated Brokerage Services LLC in Chicago, said in a telephone interview. “China slowdown worries and fear of stimulus measures ending in the U.S. have worked against silver

To view the whole Bloomberg report, click here.