Silver continues to plummet, wiping out all gains for the year.

Following a nearly 20% plunge in the price of silver in the previous trading day, the price of physical silver continued to decline today, dropping nearly 5%. After the market experienced a historic wave of selling, silver still struggled to find support, with the price of physical gold falling by a relatively smaller margin of 0.8%. In early trading, the price of physical silver fell below the $70 mark, dropping more than 40% from its historic high on January 29th. By the end of Thursday's trading session, silver had given up all of its gains for the year, and the market was experiencing unprecedented volatility not seen since 1980. The prices of physical platinum and palladium both dropped by more than 1% during the day.