US silver ends near 7-wk low on more fund selling

Newswire

NEW YORK, Dec 18 (Reuters) - New York silver futures tumbled again on Monday, maintaining steep losses into the close, but traders noted that follow-through speculative and fund selling was lighter and more orderly than Friday's rout. Gold also lost ground, hitting its lowest level since Nov. 1 as the dollar continued its ascent. But by comparison, gold selling was relatively light and its declines not as deep as Friday's 2 percent drop and silver's near 3.25 percent losses. "We had ...

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