On the afternoon of March 19, silver prices fell sharply. As of around 14:30, spot silver dropped nearly 3%, falling below $74 per ounce. New York silver futures saw their intraday losses widen to 3.77%. Spot gold turned negative, declining 0.3% intraday and breaking below the $4,800 mark.
The main Shanghai silver futures contract followed the decline. By the time of reporting, losses had rapidly expanded to more than 10%.
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