Silver futures plunged Friday, with the COMEX December 2011 contract settling lower by $6.48, or 17.7%, at $30.10 per ounce. Silver reached an intra-day low of $29.845 per ounce earlier this afternoon.
In doing so, gold’s sister precious metal posted its largest single-day decline since at least 1984 – according to FactSet Research, which does not have data going back further. The previous record drop was a 13.8% fall on April 20, 2006.
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