Silver Prices Plummet Over 15%, Gold Drops More Than 3%

Silver prices collapsed by over 15% on Thursday morning in Asia, while gold dropped more than 3%, indicating that volatility in precious metal prices has returned since the weekend. The price of silver fell to as low as $73.57 per ounce, while the price of gold plunged to $4,971.55 per ounce (31.1 g).