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Silver Drops Over 6% as Precious Metals Retreat After Rally

The decline marks a sharp reversal following recent gains, with the broader precious metals market experiencing a downturn.

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Terms & Concepts
  • Precious Metals: Rare, naturally occurring metallic elements such as gold, silver, and platinum, often valued for investment and industrial uses.
  • Market Rally: A period of sustained increases in the prices of assets, often following positive economic news or investor sentiment.