Growing fears that a new wave of the COVID-19 virus will disrupt the global economic recovery is weighing on silver prices, but one bank says that the weak price action is overdone. Overnight, silver prices dropped to a three-month low below $25.00 an ounce but have managed to push back above that critical psychological level during the North American session. September silver futures last traded at $25.215 an ounce, up nearly 1% on the day. The silver market is also underperforming gold, with the gold/silver ratio currently trading above 71 points, a level not seen since the start of the year. In a note to clients ... (full story)