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COMEX Silver Futures Drop Nearly 3% After Surpassing $82

Silver contracts on the COMEX exchange retreated sharply following a rally that pushed prices above $82.

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Terms & Concepts
  • COMEX: A commodity exchange based in New York where metals such as gold, silver, copper, and aluminum are traded.
  • Silver Futures: Contracts obligating the buyer to purchase, or the seller to sell, silver at a predetermined future date and price.