Silver Teeters on Record Losing Streak as Traders Flee Metals

``Silver traded near a two-month low in London after a 13-day rout, the longest in data going back to 1950. The commodity is taking a double hit: there's diminished demand for precious metals given the likelihood for higher U.S. interest rates, and less need for silver's industrial applications as China's growth slows.'' -- Of course, what are the odds that silver will retrace this if the Fed chickens out and doesn't hike (at least, while the current regime is in place)? Oh right we forgot-- the Fed will just say it will hike next time, so an excuse is in place to keep crushing the precious metals...