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Spot Silver Falls Below $50 an Ounce With 3.27% Intraday Drop

The metal was quoted at $49.970 per ounce on Nov. 12, about 3 cents below the $50 threshold.

A silver bar rests beneath the lowered beam of a brass balance scale / TokenPost.ai
A silver bar rests beneath the lowered beam of a brass balance scale / TokenPost.ai

Spot silver fell below $50 an ounce on Nov. 12, reaching $49.970 as prices dropped 3.27% intraday, putting the metal beneath a threshold it had also crossed in late October and early November.

Silver had also fallen below $50 in an Oct. 30 update, at $49.992 after a 4.13% intraday decline, and a Nov. 3 update, when it was quoted at $49.991, down 1.26%.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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