Industry commentators have afforded no concrete explanation as to why silver in particular has seen such a dramatic decline over the past week, therefore remain confident that at least some of the value will be restored in future trading.
Silver Prices Plummet, Gold Holds Steady
Friday saw silver prices for June delivery tumble by 2.6% which equates to 95.3 cents, closing at a total value of $35.287, after ranging between $33.035 and $36.430 throughout trading. Bloomberg has reported that such marks the worst week for silver values since as far back as 1975. Overall prices plunged no less than $13.31 per ounce since last Friday alone, closing out at $48.599 by the end of trading. . Read More...
Gold Falls 2.2%, Silver Prices Plummet 8% to 6-Week Low
U.S. gold and silver stepped further back Thursday as the U.S. dollar gained strength and after CME Group Inc. announced another series of steeper trading requirements. Gold dropped 2.2 percent while silver prices plummeted 8.0 percent and to a more than six-week low. Read More...
Oil, gold and silver plummet on global economy fears
Oil, gold and silver nose-dived yesterday, as investors sold commodities over worries about the health of the global economy. Read More...
Gold, Silver Prices Volatile on Profit Taking - Yahoo! Finance
Gold and silver prices were volatile as investors weighed recent highs in the precious metals and looked to lock in profits ahead of the second quarter. Read More...
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