US silver plummets 7 pct on fund selling, dollar

Newswire

NEW YORK, Dec 15 (Reuters) - Silver futures plunged 7 percent on Friday to close below $13 an ounce, while gold dropped almost 2 percent, as a rallying dollar and weaker base metals triggered heavy selling by funds ahead of the weekend. Sources also cited the bullish stock market and predicted precious metals markets would stay choppy toward year end. New York Mercantile Exchange March silver plummeted to a four-week low, down 97 cents, or 7 percent, to finish at $12.980, traded in a ...

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