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Gold and silver bugs face grim reality check
Anyone who has been around commodity markets for a long time, especially precious metals markets, know this absolutely: Prices do not rise forever. And, when the prices fall, it is rarely pretty. This has been happening now to anyone who rode precious metals higher when 2026 opened, especially silver and gold, assuming the ride would never end. The market is now really taking the fun away. Silver was mauled on March 19, falling more 8% to $70.97 per troy ounce, its seventh straight daily loss, the longest losing streak since December 2023 Since peaking at $121.785 on Jan. 29, silver has fallen 41.5%. Gold hasn’t ... (full story)