Thursday, October 2, 2014

Why Silver Prices Are Down Right Now By Jim Bach

It's a combination of the dollar's tenuous strength and elevated downside speculation that explains why silver prices are down right now. Yesterday (Tuesday), the bid price of spot silver dove $0.49 to $16.97 an ounce by market close, the first time it's been below $17 since early 2010. This rounds out a September where the white metal got pummeled, falling 12.8% for its worst month of 2014. On Sept. 19, it had its worst day on the year, falling $0.79.



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