The weakened global economies caused energy prices and silver prices to drop in two consecutive months. WTI benchmark1 dropped 6.4% to $69.3 per barrel, while Brent also dropped 8% to $71.6 per barrel in this quarter. Silver, an industrial metal needed in a broad range of production, has also been through drastic decline of over 14% in July due to concerns on subdued China economy growth. Silver prices then rebounded and remained unchanged from June at around $30/oz.
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