Silver Falls 2.63% to $52.228 an Ounce in Thursday Snapshot

Silver fell 2.63% to $52.228 an ounce in a Thursday morning market snapshot, a steeper decline than gold as European stock indexes advanced and crude prices retreated.

At 9:31 a.m. ET (13:31 UTC), gold was down 1.07% at $4,023.58 an ounce. Silver’s daily loss was 1.56 percentage points greater than gold’s.

West Texas Intermediate crude fell 1.63% to $101.15 a barrel, while Brent crude slipped 0.88% to $114.04. Both oil benchmarks were lower in the snapshot.

European indexes gained: the Euro Stoxx 50 rose 0.6% to 6,205.61, the FTSE 100 added 0.58% to 10,754.8, and Germany’s DAX 40 advanced 1.19% to 26,029.5. The DAX had the largest gain among the three benchmarks.

Currency moves were mixed. The U.S. dollar fell 0.04% against the offshore Chinese yuan to 6.65871 and rose 0.11% against the Japanese yen to 157.998.