The price of silver has plummeted by as much as 34% in three days to hit a low yesterday, with the precious metal now no longer considered a safe haven for investors. The fall comes as the Chicago Mercantile Exchange increased margins around gold, silver and copper futures.
As the CME increased collateral requirements on futures contracts for the metals on Friday, the price of all three fell on Monday amid the weakening US dollar as well as concerns over silver's additional use as an industrial metal.
