Spot silver is trading at $23.70 a troy ounce in Monday afternoon trading in Singapore, down 0.92% from its previous settlement. While sentiment in the futures markets is mixed, in Asia physical demand for the metal remains robust. Silver carries the precious and industrial metal tag due to uses in jewellery and manufacturing. Retail investors have been snapping up silver since a sharp drop in prices in April, when the grey metal slumped alongside sister metal gold, and dips in silver prices are still encouraging strong buying interest, tra. Tight supply of U.S. and Canada-minted silver coins is also helping support physical market fundamentals. Silver carries the precious and industrial metal tag due to uses in jewellery and manufacturing.

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