The Economic Times News

Silver price today: Why did silver prices fall sharply after hitting record high above $80? Key reasons explained

Silver price today: Silver prices experienced a sharp decline on Monday after reaching record highs above $80 an ounce. Investors took profits, and reduced geopolitical tensions lessened demand for safe-haven assets. Gold, platinum, and palladium also saw losses. Despite the pullback, precious metals have shown strong gains this year, with silver significantly outperforming gold.