Silver ETFs slide as silver retreats from $83 record, rattling late-year buyers
Spot silver hit a record $83.62 an ounce Monday before dropping over 5% to $75.15. Silver-tracking funds SLV and PSLV each fell about 8% in late morning U.S. trading. Gold, platinum, and palladium also declined after recent highs. Traders cited profit-taking and shifting safe-haven demand ahead of Tuesday’s Fed minutes.