Silver Futures Fall 4.6% to Lowest Level in Nearly a Year
Front-month October silver settled down 4.6% in New York at $54.7, its lowest close in almost a year. Rising oil prices have kept inflation concerns and prospects for higher interest rates in focus.
Silver futures declined for a second consecutive session Thursday, settling at their lowest point in almost a year. Front-month October delivery silver fell 4.6% in New York to $54.7, as higher oil prices sustained concerns about inflation and the possibility of higher interest rates.