12
May
Silver, gold fall as economic woes crunch early gains
12 May 2011 Reuters
Spot silver dropped 2.6 percent and gold edged lower on Thursday as worries about economic growth and the end of easy monetary policy crushed early gains, extending losses from the previous session.
A broad-based sell-off in commodities that has seen major losses last Thursday and again on Wednesday has pulled silver down nearly a third from a record high hit just two weeks ago, with gold off 5.4 percent from the record hit at the start of the month.
http://www.reuters.com/article/2011/05/12/us-markets-precious-idUSTRE73786N20110512
