After a staggering rally of nearly 150% last year, the price of silver has hit a particularly rough patch amid elevated market volatility that started last week. On Thursday alone, the price plunged nearly 20%. The rout started during early trading in the Asian markets and continued when U.S. markets opened.
Traders will now be watching to see whether the price drops below $70 over the coming days and weeks in order to ascertain if the sustained rally of the metal has now come to an end or prices resume their upward climb to continue silver’s gains. For companies like New Pacific Metals Corp. that focus on…
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