7/27, 6:32 PM (Source: TeleTrader)
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Silver loses over 2%, reaches near-4-month low

The price of silver decreased by more than 2% on Tuesday, bringing the precious metal to the lowest level since April 1.

Analysts attributed the drop to technical trading factors including the London spot fix and the end-of-month rebalancing flows, and not to the bullion's safe-have features, since the price of gold hasn't followed the same trend.

Silver dropped 2.48% to sell for $24.57 per ounce at 12:29 pm ET, while the gold moved up by 0.11% to go for $1,799.77 a minute later. Platinum lost 1.81% at 12:30, selling for $1,049.25 per ounce, and palladium tumbled 2.39% a minute after that, going for $2,599.3.

Breaking the News / BU