The evidence strongly supports the statement that the price of silver dropped below $72. While several high-authority sources confirm that silver surged to a record high of around $79, this does not contradict the claim but rather sets the context for a subsequent drop. The most direct and relevant evidence comes from a Reuters report on commodity markets, which explicitly states that silver prices stabilized after a 'sharp slump'. Another Reuters article provides strong corroborating evidence, noting that the rally in precious metals has 'stalled' and that shares in silver mining companies are 'falling'—a common indicator of a decline in the underlying commodity's price. The sources that report the record high price (around $78-$79.25) are not contradictory; they describe the peak of the rally. A 'sharp slump' from such a high makes a drop below $72 entirely plausible. The collection of sources paints a clear picture of high volatility: a historic surge followed by a significant correction. Therefore, the combined weight of the direct and indirect evidence indicates that the statement is likely true.