Silver Sitting at $17.47 as Dollar Strength Continues

Sep. 25, 2014 09:26AM PST

iNVEZZ.com reported that on Thursday the price of silver for immediate delivery was down 1.13 percent, at $17.47 per ounce. A strong US dollar continues to cause problems for the white metal.

As quoted in the market news:

On Monday, spot silver touched a four-year trough of $17.34 in intraday trading, the lowest since July 2010. Silver for immediate delivery has dropped 13.18 percent below its 200-day simple moving average of $19.93.
The price of December futures has fallen as well, giving up 23 cents. The contract slid 1.3 percent to $17.46 as of 08:47 BST on the COMEX in New York. The futures fell 0.42 percent during the last session.
The US Dollar index (DXY), a gauge which pegs the greenback versus a basket of its peers, yesterday climbed above 85.000 for the first time since July 2010 and was up 0.41 percent to 85.389 as of 08:55 BST.

Click here to read the full iNVEZZ.com report.

spot silver