[miningmx.com] — Silver prices fell nearly 5% to their lowest since late November on Thursday, tracking losses in gold, as both metals suffered from a dearth of investment demand and gains in the dollar.
The prospect of tighter monetary policy in China, the largest consumer of many industrial commodities, also hit the metal, which has a far greater industrial demand base than gold.
Spot silver touched a low of $27.40 an ounce and was bid at $27.43 an ounce at 17:52, against $28.76 late in New York on Wednesday.
