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The price of silver has fallen 6%, its biggest drop in six months, as precious metals retreat after a blistering rally.

The pullback comes amid concerns over credit quality in the U.S. and trade tensions between China and America, which have hurt demand for both silver and gold, and roiled stocks.

At the same time, a large influx of silver from the U.S. and China to London's spot market is easing a liquidity squeeze in the world's largest over-the-counter precious metals hub.

Silver has been the best-performing commodity this year, rising 70% since January and outpacing gains seen in gold.

Despite the current pullback, silver's price is trading at $51.18 U.S. a troy ounce, near an all-time high of just under $55 U.S. an ounce.

The rally has been good for the stocks of silver producers such as Pan American Silver (NYSE: $PAAS ), Hecla Mining (NYSE: $HL ), and First Majestic Silver (NYSE: $AG ), each of which is up more than 75% this year.

Commodities analysts say that U.S. President Donald Trump recently soothed market anxiety around trade tensions with China, reducing safe haven demand for silver among investors.

Easing of the historic squeeze in the silver market in London, England is leading to profit-taking among some investors.

Gold is in a similar situation, having surged more than 60% this year underpinned by central-bank buying and inflows to gold-backed exchange-traded funds (ETFs).

Spot gold's price has fallen 2% over the past 24 hours to $4,300 U.S. an ounce while platinum and palladium prices are also in retreat as the rally in metals takes a breather, say analysts.

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