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Silver Prices Poised for 6% Weekly Gain as Chinese Metal Inventories Sink to 10-Year Low
Silver futures slipped during the quiet US Thanksgiving trading session, a day after soaring above $53 on dwindling Chinese inventories. The white metal has garnered renewed momentum in recent sessions, fueled by intensifying investment and industrial demand. March silver futures tumbled $0.192, or 0.36%, to $53.415 per ounce at 12:29 GMT on Thursday on the COMEX division of the New York Mercantile Exchange. Silver prices are on track for a weekly gain of more than 6% and are up almost 83% this year. Gold, the sister commodity to silver, also took a breather toward the end of the holiday-shortened trading week. ... (full story)
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