Silver mining companies including Hecla Mining, Endeavor Silver, and First Majestic Silver were down before the market opened.
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Silver and gold fell in early premarket trading on Tuesday as investors awaited delayed economic data, with little geopolitical news during the holiday-shortened week.
Spot silver
was last seen down 2% to trade at around $74.85 per ounce, while silver futures
fell 4% to trade at $74.7 dollars per ounce.
Silver prices slid as much as 16% on Thursday, snapping a two-day rebound as investors continued to unwind positions.
The moves come at the end of a blockbuster year of annual gains for the precious metals.
There is no macroeconomic or geopolitical event driving the pullback in gold prices this week, according to the Swiss bank UBS.
Precious metals hit record highs in late January as investors flocked to the so-called safe haven assets.
Gold and silver prices rebounded after suffering a historic selloff, with analysts suggesting that the recent violent correction…
Silver tumbled to $76 on Friday morning, just days after it approached a two-month high of $90.
