00:00It's Benzinga bringing Wall Street to Main Street
00:02Silver fell sharply during Asian trading and remained under pressure in Europe after a historic
00:07rout, and precious metals erased a two-day recovery, according to Bloomberg. Spot silver
00:12dropped as much as 17 percent to nearly $73 an ounce before trimming losses to about 11 percent,
00:18leaving prices more than a third below last week's all-time high. A rebound in the dollar triggered
00:24the unwinding of bullish positions and weight on commodities. The sell-off
00:28followed heavy speculative positioning through leveraged exchange-traded products and call
00:32options. Thin liquidity magnified price swings and strained trading conditions in over-the-counter
00:38markets. The decline spilled into other metals, with gold, copper, platinum, and palladium also
00:44falling as volatility remained elevated. For all things money, visit Benzinga.com.
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