Precious metals fall, silver plunges 5%

Silver plummeted 5.19% to go for $49.63 per ounce, while gold dropped 2.25% and went for $4,258.46 per ounce At the same time, platinum declined by 2.48%, going for $1,598.81 per ounce, and palladium dipped 3.07% to $1,440.82 per ounce.