COMEX Silver Futures Drop 10%, Erasing Recent Market Gains
The sharp decline in COMEX silver futures marks a full reversal of the commodity’s recent rebound, indicating renewed volatility in the precious metals market.
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Terms & Concepts
COMEX: The Commodity Exchange (COMEX) is a division of the New York Mercantile Exchange where metals like gold and silver are traded.
Futures Contract: A standardized agreement to buy or sell a commodity or financial instrument at a predetermined price and date in the future.