Silver has lost more than 50% of its value from a record high set earlier this year. A precious-metals dealer says the weakness may point to underlying problems in the broader economy.
Silver is down more than 50% from its record high set earlier this year. MarketWatch describes it as a relatively off-the-radar commodity that can offer hints on where the economy is headed.
Stefan Gleason, president and CEO at Money Metals Exchange, says silver is more economically sensitive than gold. Because of this, he says, its recent price weakness may be a leading indicator of underlying issues in the broader economy.
Source: MarketWatch (snippet-based)
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