Gold Losses Pale Beside Silver’s Two-Year Drop: Chart of the Day
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Gold’s plunge in the past two trading days came nowhere near delivering the kind of losses that investors in another precious metal, silver, endured the past two years.
As the CHART OF THE DAY illustrates, silver for immediate delivery tumbled 53 percent from its April 2011 closing high of $48.44 an ounce through yesterday. Gold was higher throughout most of this period. The chart compares spot prices for the metals in the top panel.