Silver Price Falls 0.22% Amid Weaker Yearly Performance

Silver prices fell by 0.22% on Wednesday, dropping to $56.97 per troy ounce after a day of trading.

This decline adds to recent weakness in silver prices, which have fallen 4.73% over the past week and 2.77% over the past month.

Silver's performance has been weaker compared to other precious metals this year, with a 20.16% drop since the start of the year.

However, silver prices have still gained 53.22% over the past year, making it one of the strongest performing precious metals on a yearly basis.