Silver Set for Biggest Weekly Gain Since July

iNVEZZ.com reported that the price of silver was down Friday morning, but nevertheless was on track for its biggest weekly gain since July. The slight decline came after the white metal neared a four-month high on Thursday.

As quoted in the market news:

Silver for immediate delivery had shed 0.2 percent, or three cents, to $18.26 as of 07:13 GMT, and was trading over 10 percent above its 50-day simple moving average of $16.47. However, it remains on course for its third straight weekly advance, the longest winning streak since July. Yesterday, the precious metal settled at $18.29, the highest close since 18 September.

Click here to read the full iNVEZZ.com report.