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Silver steadies after sharpest sell-off in 5 years as metals head for best year since 1979
Silver prices stabilised above $73 an ounce after suffering their steepest one-day decline in more than five years, as investors digested an aggressive bout of profit-taking following a powerful year-end rally. The 9% drop on Monday marked silver’s sharpest daily fall since 2019, briefly rattling sentiment across the precious metals complex. Gold prices were comparatively subdued, holding broadly flat after recording their largest two-month decline in years. While near-term momentum has softened, both metals remain on track to post their strongest annual gains since 1979, underlining the scale of the move seen ... (full story)
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