Silver slides 7%, Gold under $3100 mark

Precious and base Metal futures slumped today despite weak US dollar. Gold and Silver futures slumped today as a massive wave of volatility gripped the global markets following President Donald Trump?s across the board tariffs on all imported COMEX Silver have slumped the most. The metal currently trades at $32.23 per ounce, down 7% on the day. Gold has also lost 2% to trade near $3097 per ounce though Silver?s crash seems to be more closely linked to a near three percent slide in Copper. COMEX Copper lost around 3% to trade at $4.90 per pound - nearing three week low as well. Commodities are falling sharply today despite the US dollar index diving near five month low.

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