Industrial Demand Concerns Drive 3.2% Silver Price Drop
The spot price of silver fell 3.2% in 24 hours. Automated selling triggered the drop after the price broke below a key support level. COMEX warehouse inventories showed a slight build-up. The decline follows a downward revision of electronics production forecasts for the coming quarter and policy reviews in several countries that created headwinds for solar panel manufacturing. These factors reduced industrial demand expectations for silver.
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