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Precious metals decline as stock market rallies; silver falls the most
Wednesday, April 3, 2013 3:23
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Precious metals prices are falling as demand for alternative investments decreases.Silver prices fell the most, declining for a fifth straight day.May silver fell 69.60 cents, or 2.5 percent, to $27.248 an ounce Tuesday.
The price of the metal has fallen more than 7 percent since the start of the year as U.S. stocks have rallied, pushing the Standard & Poor’s 500 index 10.1 percent higher this year. Gold, palladium and platinum also fell Tuesday. Only copper bucked the trend and edged higher.
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