Metal prices recorded a sharp decline yesterday with silver and platinum falling from the highs reached in the early trading session.
The fall was due to investors taking profits after the metal prices recorded a positive increase recently.
Platinum prices plunged 14.5% to $2,096.53 per ounce after recording a high of $2,478.50 in the early trading session.
Silver also fell 9.5% to $71.66 per ounce, retreating from a record high of $83.62.
Meanwhile, palladium spot fell 15.9% to $1,617.47 per ounce.
Spot gold prices recorded a decline of 4.5% to $4,330.79 per ounce at 1:51 pm ET (1851 GMT) after recording a high of $4,549.71 last Friday.
Meanwhile, US gold futures for February delivery fell 4.6% to $4,343.60.
So far this year, gold prices have risen around 65%, while platinum and palladium have also performed positively with potential annual gains.
Silver rose 147%, supported by its status as a critical mineral, supply shortages, and high demand from the industrial sector and investors.
