Silver resumes losses on Chinese demand concerns

2021-09-15 12:12:39 GMT (Economies.com)
Silver resumes losses on Chinese demand concerns

Silver prices fell on Wednesday, resuming losses after taking a breather yesterday within recovery from a 3-week low, while today's drop come due to worries over China's demand.

 

Silver prices fell more than 0.6% to $23.65 an ounce, after opening at $23.85, and hit a high of $23.85.

 

Silver closed higher by 0.55% yesterday, the fourth gain in 3 days, after it hit a 3-week low at $23.37 on Monday.

 

Silver prices rose on Tuesday after the release of weak inflation data n the US.

 

Data showed today that Chinese retail sales fell to the lowest level in a year in August, rising by 2.5%, lower than forecasts of 6.9%, from a rise by 8.5% in July.

 

The data sparked concerns about the world's second largest economy and the largest consumer of metals and commodities.

 
 
 
  Symbol Last Change Chg.%
1.1737
0.0023
0.1934%
1.3714
0.0038
0.2801%
Tadawul
11270.57
-40.58
0.36%
22.747
0.447
2.002%
73.411
2.478
3.493%
77.54
0.28
0.36%
1754.820
-1.985
0.113%
 
 
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