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Silver prices slid more than 6% on Friday, marking their steepest single-day decline in half a year, as the broader precious metals complex saw a sharp pullback after an aggressive rally earlier this week.

The selloff followed a historic surge that had propelled silver to record highs near $54.50 an ounce, driven by tightness in London’s physical market and strong investor demand. By 2:38 p.m. in New York, spot silver had dropped 4.4% to $51.88 an ounce, while spot gold fell 1.9%. Platinum and palladium also slumped.

Silver Prices Today

The London silver market, which had been under severe pressure from supply shortages, is showing signs of stabilization. The easing of tightness has led to profit-taking by investors who had be

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