Monday, July 18, 2011

Silver prices keep tumbling

Silver prices plunged for a third straight day, leading a broad sell-off in commodities in the wake of some weaker-than-expected economic data and indications that some big-name investors are turning away from precious metals.

Until this week, silver was one of this year's hottest investments worldwide. On Wednesday, the near-term silver futures contract tumbled $3.19, or 7.5%, to $39.38 an ounce, the lowest price since April 4.

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