Silver Price Falls

Silver fell 5 percent to its lowest price in almost six months on expectations that economic sanctions against India, the world’s biggest importer, and unrest in Indonesia will reduce demand.

The U.S. last week imposed sanctions on India for conducting nuclear tests. In Indonesia, political unrest that erupted into days of rioting last week have led to calls for President Suharto to resign.

Silver for July delivery fell 28.5 cents, or 5.1 percent, to $5.287 an ounce on the Comex division on the New York Mercantile Exchange.