Silver Plunges 11%, Gold Tumbles

Precious metal markets experienced a wild ride on Monday, with silver plummeting eleven percent and gold tumbling too. The sharp fall was triggered by CME Groups decision to hike margin requirements for silver buyers. Thin holiday trading volumes and geopolitical tensions have contributed to the volatile market, with Chinas export curbs on silver sparking a recent rally. Despite the plunge, some downside protection remains as China appears to be stockpiling silver. Checkout Solipillow.comThe Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.