Silver prices are trading at 10-week lows and from their highs, this year the prices are down by 25 percent. Overall for the year, silver is down by 16 percent so it has been a disappointing year till now for the silver prices. This is the worst performance on a yearly basis since 2014.

The first half of this year saw good buying in silver, it was $30 per ounce in the month of February and that was a seven-year highs for silver.

2021 also saw the weakness in prices turning as a positive for the buyers there because in this year, physical buying was up by 32 percent and the industrial demand has been up by 8 percent as well.

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