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Silver Futures Drop 5% to $50.45 per Ounce

The precious metal saw a sharp decline in futures trading, reflecting heightened market volatility.

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Terms & Concepts
  • Futures: Financial contracts obligating the buyer to purchase, or the seller to sell, an asset at a predetermined future date and price.
  • Ounce (oz): A unit of weight commonly used to measure precious metals like silver and gold.