iShares Silver Trust (SLV) Pulls Back as Silver Drops

Shares of iShares Silver Trust (SLV) dropped after a couple of days of robust increases in silver prices of about 3 percent during that time.

July silver was down 31 cents to settle at $37.33 an ounce, a 0.8 percent plunge.

Gold futures were also down a little Thursday, even in the midst of the falling value of the U.S. dollar and weak economic news.

Gold for June delivery fell $3.90, or 0.3 percent, to $1,522.80 an ounce.

Gold for August delivery dropped $4.10, or 0.3 percent, to $1,523.70 an ounce in the Comex division of the New York Mercantile Exchange.

iShares Silver Trust closed the day at $36.51, falling $0.41, or 1.11 percent. Volume was relatively light in comparison to its daily 3-month average.