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Bloomberg reported that silver, along with gold, is headed for its largest weekly drop since June on the back of concerns the US Federal Reserve will reduce stimulus measures next week.
Bloomberg reported that silver, along with gold, is headed for its largest weekly drop since June on the back of concerns the US Federal Reserve will reduce stimulus measures next week.
As quoted in the market news:
Silver futures for December delivery fell 1.2 percent to $21.88 an ounce on the Comex. Earlier, the price touched $21.42, the lowest since Aug. 14. This week, the price has tumbled 8.4 percent, the most since June 21.