Silver pulls back following a retreat in gold prices. The silver futures contract lost 1.62% on Friday, September 27, as it pulled back from its Thursday’s local high of $33.02 following a retreat in gold prices. On Thursday, silver was the highest since December of 2012 yesterday. On Tuesday, it broke above $32 following record-breaking advance in gold. On the previous Wednesday, the market fluctuated after the FOMC Rate Decision release. Since then, it has been basically going sideways, before breaking higher. In late August, silver pulled back from that level, and in early September, approached the $28 level. On ... (full story)