Last week, the price of silver hit a record high of $116.70 per ounce after a huge rally in 2025 and early 2026. This compares with about $30 per ounce in early 2025.
The price of gold is also under pressure in Thursday's trading, down 1.8 percent to $4,875 per ounce.
The previously record-high prices of gold and silver have fallen sharply since US President Donald Trump last week nominated Kevin Warsh as the next head of the Federal Reserve (the Fed) and the dollar rose.
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