Silver is trading 3.6% down at $63.86 after weaker-than-expected Chinese July activity raised concerns about industrial demand.
- Industrial output grew 4.5% year over year, below the 4.8% forecast; retail sales increased 0.6%, versus expectations of 1.5%.
- The decline also reflects profit-taking after a strong recent rally and caution ahead of potential Federal Reserve signals at Jackson Hole.
- Broader risk-off trading, with the Nasdaq down 1.35%, is adding pressure.