Silver price today: SLV slides as year-end profit-taking hits the metal
iShares Silver Trust (SLV) dropped about 6% Wednesday as spot silver fell 6.4% to $71.54 an ounce, retreating from Monday’s record $83.62. The slide followed another hike in futures margin requirements, prompting profit-taking and forced selling. Other silver funds and miners also declined. U.S. Treasury yields and the dollar edged higher, adding pressure to metals prices.