Silver settles down 1.63% at $59.16, underperforms gold

Silver futures (Comex, contracts promising future delivery) settled 1.63% lower at $59.161 on Oct. 14, lagging gold futures down 0.31% to $4,152.90, WSJ reported. Spot gold — price for immediate delivery — fell 1.8% to $4,083.94, Reuters reported. In my view, the bigger drop shows silver holdings can fall faster than gold when rate expectations shift.