Silver Price Today: Spot Silver Slides Below $62 as Oil Shock, Rate Bets Hit Precious Metals
Spot silver plunged 8.9% to $61.76 an ounce by 0633 GMT Monday, halving its value since January’s record. Investors cut precious metals exposure as oil stayed above $110, the dollar strengthened, and U.S. rate expectations shifted toward a possible hike. Gold dropped 5.8% to $4,226.16, its ninth straight loss. Silver’s price neared the $60–$70 range analysts flagged as more stable after January’s surge.