The price of silver dropped 50% from its high point.

Influenced by the market's expectations of the Federal Reserve raising interest rates and the strengthening US dollar, international prices of precious metals such as gold and silver experienced a significant decline during the European trading session on the 24th. As of 19:05 Beijing time on the 24th, the August gold futures contract on the New York Mercantile Exchange was reported at $4074 per ounce, down 1.82%. The July silver futures contract was reported at $60.72 per ounce, down 2.21%. Spot silver was reported at $60.44 per ounce, down 2.47% from the previous trading day and falling over 50% from its January high.