Silver slipped below $90 an ounce on Friday as traders cashed in gains following a record surge and easing tensions in the Middle East reduced safe-haven interest. By 1:39 p.m. ET, spot silver had fallen 2.9% to $89.65, after hitting a peak of $93.57 the previous day. Despite the drop, the metal is still on track for a weekly rise exceeding 12%. “It’s a general retreat in the commodity complex … with some profit-taking,” said Marex analyst Edward Meir.