Silver fell toward $29 per toz on Friday, falling for the third straight session to the lowest in nearly three weeks as the recently concluded Third Plenum in top consumer China failed to excite investors hoping for new stimulus measures.
China's leaders expressed their desire to boost domestic technology in the readout of the high-level meeting, but did not outline concrete policy plans to address the country's economic challenges. Silver and other metals came under pressure recently as pessimism over industrial demand in top consumer China continued to weigh on sentiment.
Commodity prices also came under pressure from a rebound in the dollar driven by robust US economic data, although the Federal Reserve is still expected to start cutting interest rates soon.
Source: Trading Economics
