Silver futures plunge as data sparks massive exodus from precious metals
Tuesday, April 16, 2013 2:40
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Silver futures plunged on Monday, down by over 12% and hitting levels not seen since October of 2010 as investors ditched positions in the metal after U.S. and Chinese data sent investors fleeing precious metals for the safety of the dollar.
On the Comex division of the New York Mercantile Exchange, silver futures for May delivery traded at USD23.130 a troy ounce during U.S. afternoon trading, down 12.16% on the day.
