US silver falls to 6-week lows, funds exit longs

Newswire

NEW YORK, Dec 18 (Reuters) - Silver futures in New York declined to 6-week lows Monday as funds and speculators kept unloading the metal and weak technical signals pointed to more downside before year end, traders said. Gold also lost ground as the dollar firmed but, by comparison, the selling was relatively light, with traders calling its losses a non-event after Friday's 2 percent drop. "Follow-through selling is now evident, especially given silver's weak technical performance. The ...

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