Silver price falls
Wednesday, 1 October 2014
The price of silver has fallen below $17 for the first time in over four years. In Q3, the precious metal plunged 19.3 per cent on expectations of higher US interest rates which helped the dollar strengthen. It recorded the biggest quarterly drop since Q2 2013. Silver for immediate delivery was up 0.34 per cent, or five cents, to $17.01 as of 08:56 BST. Yesterday it plummeted to $16.85, the weakest level since March 2010. Spot silver was 3.4 per cent below its 200-day simple moving average of $19.893, according to invezz.com/new