Business & Finance: Fallen Silver

A group of Chinese men gathered last week in a large dismal house in Hong Kong. They watched a man write figures on a board, erase them, write other figures. None spoke loudly but each spoke often. They were selling silver and they were gathered in the silver exchange. In Peking and Shanghai similar groups were gathered. They too were selling. When they were through selling last week silver prices in London and Wall Street reached the lowest low in ten years: approximately 50⅞¢ an ounce. A month ago Chinese speculators held...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!