Silver prices have reacted in a muted fashion, albeit quite surprisingly to the contraction in Industrial Production in the US for September. The US Federal Reserve reports a contraction in US Industrial Production by 0.6% in September, which was well below the 0.4% expansion in August and far less than the 0.6% expansion predicted by market analysts. Capacity Utilization also dropped from 72.0% in August (an upward revision) to 71.5% in September, which was less than the 72.1% predicted by market analysts. According to the report, the September read was 7.1% below pre-pandemic levels recorded in February 2020. ... (full story)