Silver price today: XAG/USD slips from record run as SLV falls in New York trade
Spot silver dropped 1.4% to $93.25 an ounce Wednesday, retreating after a recent rally toward $100. Gold surged past $4,800 an ounce for the first time, while platinum hit a record high. The Cboe Volatility Index reached an eight-week peak amid geopolitical tensions and swings in currency and bond markets. In India, silver premiums jumped to $8 an ounce as traders anticipated possible import duty hikes.