Silver falls under $22 to reach 2-month low

Thursday, 24. September 2020 08:49

Precious metals traded in the red on Thursday parallel to a selloff in the stock markets in Europe and Asia.

Silver touched $21.95 per ounce, the weakest point since July 23. The focus remained firmly on silver’s high industrial use and on the fact that stock market selloffs are reacting to the coronavirus pandemic.

Silver lost 3.27% to $22.02 per ounce at 8:46 am CET. Spot gold was down 0.58%, selling for $1,852.42 per ounce and testing a three-week low. Platinum fell 0.58% to $836.68 for one troy ounce, while palladium dropped 1.26% to $2.197,89.

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Breaking the News / TF