NEW YORK (AP) - Silver prices fell Thursday as the dollar bounced higher and weak economic data heightened concerns that demand for commodities could drop off.
Silver futures for December delivery fell by $1.65 to $11.12 an ounce on the New York Mercantile Exchange.
After the Senate voted to approve a revised $700 billion financial bailout plan late Wednesday, the U.S. dollar rose to a one-year high against the euro. The House is expected to vote on the bill Friday.
Meanwhile, the Commerce Department said U.S. factory orders dropped by 4 percent in August, the largest amount in nearly two years.