Silver Price Plunges 10% From Two-Month High—Here’s Why
The post Silver Price Plunges 10% From Two-Month High—Here’s Why appeared on BitcoinEthereumNews.com. Topline Gold and silver prices plunged Friday morning, halting momentum the metals had built in recent weeks that lifted silver to its highest price in two months, with analysts blaming fears over inflation for the price slump. Silver plunged more than 10% Friday. (Photo by Sven Hoppe/picture alliance via Getty Images) dpa/picture alliance via Getty Images Key Facts The price of silver is $76.69 as of 9:45 a.m. EST on Friday, down more than 10% but slightly higher than the intraday low price of $76.63 it hit earlier in the trading session. Silver also fell in price on Thursday, declining from a price of nearly $90 on Wednesday, the highest level the metal has reached since early March. Gold prices also fell Friday, reaching $4,542.90 as of 9:45 a.m. EST, down more than 3%. Prices tumbled Friday amid inflationary fears, analysts said, including ANZ Group Holdings Ltd. analysts Daniel Hy