The Globe and Mail reported that some analysts fear that silver may be especially vulnerable to price corrections, given its industrial usage and the question of inflationary pressure.
Articles Tagged "silver prices"
Spot silver prices gained $0.11, hitting $22.49 an ounce.
Spot silver is down $0.227, at $22.69 per ounce.
Reuters reported that silver was holding close to the two-and-a-half year lows hit in the previous session.
The Deutsche Welle reported that silver skirted lows not seen since September 2010 in Monday trading.
The Wall Street Journal reported that although silver prices fell 9 percent, hitting a low of $20.25, in the first 10 minutes of electronic trading today, by midday the white metal had climbed 4 percent, to $23.24.
Silver fell to $22 an ounce today, a decline of $0.528. Earlier in trading, silver declined to $20.84, the lowest price seen since September 2010, Reuters reported.
Silver prices declined for much of the week, but today's uptick has some experts thinking that improvement is on the way.
The Financial Post reported that silver tracked gold down, registering significant declines.
Silver for July delivery fell on the COMEX in New York to $22.97 an ounce, a decline of $0.14.