From the chinese press

Silver loses its lining

This month began on a crazy note for silver, with its price falling from a record $49 an ounce to $33. But last week's slump in silver price was inevitable given its unprecedented and abnormal rise, says an article in Beijing News. Excerpts:

The price of silver had been increasing for the past year and touched a record this month as the world economy recovered and inflation increased. But last week, it fell drastically. This sudden change in the metal's price and investors' fortunes occurred because silver cannot compare with gold as a secure investment.