Wednesday, 4 May 2011

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Silver prices lead broad commodities sell-off

  • Wednesday, 4 May 2011
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  • Plunging silver prices led a broad decline in commodities Wednesday as investors sold holdings to capitalize on weeks of price gains for everything from gold to oil. Silver fell $3.197, or 7.5 percent, to settle at $39.388 an ounce. That is the third consecutive daily loss after it came close to $50 an ounce last week. Palladium dropped 4.6 percent; wheat, 2.7 percent; and oil, 1.6 percent. Many



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