Silver Teeters on Record Losing Streak as Traders Flee Metals
- Prices hurt by slowing demand for precious, industrial metals
- Gold futures tumble to the lowest in five years on Comex
Silver Is on a Losing Streak, Why and What's Next?
This article is for subscribers only.
After capping the worst stretch of losses ever, silver prices slipped again on Tuesday as analysts predicted more pain for metals markets. Gold futures extended losses to a five-year low.
Silver fell to a two-month low in London after a 13-day rout, the longest in data going back to 1950. The commodity is taking a double hit: there’s diminished demand for precious metals given the likelihood for higher U.S. interest rates, and less need for silver’s industrial applications as China’s growth slows.