US silver hits six-wk low early on options expiry

Newswire

NEW YORK, June 26 (Reuters) - U.S. silver futures tumbled to their lowest levels in six months in early trade on Tuesday, with chart-based selling and options expiration keeping the precious metal on the defensive, floor dealers said. COMEX July silver was off 43.70 cents, or 3.4 percent, at $12.44 an ounce by 10:04 a.m. EDT (1404 GMT) on the New York Mercantile Exchange's COMEX division, after sinking to a session low at $12.395, its cheapest level since early January. "Today is options ...

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