Silver Falls as Fed Rate Hike Expectations Increase

Silver dropped 3.64% to $62.72 per ounce as market expectations for a potential Federal Reserve rate hike strengthened. Gold also declined by 1.49% to $4,129.04 per ounce. Meanwhile, platinum slipped 0.99% to $1,671.58 per ounce, while palladium fell 1.19% to $1,238.04 per ounce.