Silver has surged almost 80% this year — with gains driven by some of the same macro factors supporting gold, as well as a historic squeeze in the London market. (Photo source: Unsplash) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Gold and silver slid as traders took stock of record-breaking rallies, with technical indicators looking stretched while US-China tensions ease.

Bullion fell by as much as 2.6%, after hitting a fresh peak of $4,381.52 an ounce on Monday. Gold’s ferocious rally has measures like relative strength indicating that prices have passed well into overbought territory. A strengthening US dollar has also made precious metals more expensive for most buyers. Silver plummeted as much as 6.2%.

“In the last couple of trading sessions traders have increas

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