Silver drops from $80 peak as year-end profit-taking hits precious metals and miners
Silver plunged 5.1% to $75.15 an ounce after hitting a record $83.62, leading a sharp retreat in precious metals as investors took profits ahead of year-end and the Fed’s December minutes. Gold, platinum and palladium also fell. U.S. stocks opened lower, with miners under pressure. Traders cited easing Ukraine tensions and shifting rate-cut bets.