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Silver extended its recent lows Thursday with further weakness forecast.
The metal fell 25 cents to US$16.31/oz in London, its lowest close since June 7.
The weak performance followed positive US economic data the previous day, which sent the dollar higher and increased speculation about a December interest rate hike.
The greenback continued to trade above 94.5 euro cents, its highest level since last December.
Gold and silver have been under pressure from rising US bond yields as well as the stronger dollar since Donald Trump's presidential election victory and pledge to greatly increase infrastructure spending.
"For 2017 this does not bode well for silver," ABN AMRO's Georgette Boele said. "We expect a higher US dollar and higher US yields."
The Dutch bank expects silver to bottom out at US$15/oz before recovering in 2018.
Gold will also be under pressure from weak investor sentiment as a result of rising US bond yields, Boele added.
The yellow metal ended Thursday at US$1,186.10/oz, up 75 cents from the previous day's nine-month low.
ICBC Standard Bank and Kitco's Peter Hug expect gold prices to rise in 2017, partly due to prospects for higher US inflation.