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The December contract settled yesterday at $6.08 an ounce, the lowest Comex silver price since March 27 , 1987
The silver price fell a further 8 percent on Thursday, taking its decline to more than a quarter since the peak at the end of April.
But a recent dip in the gold and silver price has left Fresnillo down 31p at £18.36 and Randgold Resources 135p lower at £85.50.
Thomson Reuters and CME Group, the trading exchange, recently won a battle to operate the process for setting the silver price benchmark, which is also being reformed.
The ratio of the silver price to the gold price was one to fifteen which was unrealistic as silver was more than 15 times as plentiful as gold This nearly caused gold to disappear.
But a rise in the gold and silver price as investors sought a safe haven helped lift Randgold Resources by 75p to £44.82 and Mexican precious metals miner Fresnillo by 5p to 792.5p.
Similar(46)
Silver prices also declined.
Silver prices gained ground.
Silver prices also fell.
Silver prices eased.
Silver prices rose.
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