On June 13, Global financial markets have experienced a "black Tuesday." European and the U.S. stocks, the prices of basic metals and precious metals all fell sharply: gold dropped below US$600 per ounce, silver plummeted to less than US$10 per ounce.

Affected by it, in China's domestic market, gold fell below 150 yuan/gram, and silver below 3,000 yuan/kilogram. In a single day silver went down by 350 yuan per kilogram, making it the biggest plunge in a day in history.

Insiders think as it is the low season and silver consuming enterprises are still holding a wait-and-see attitude, there will be more down prospect than up one in the foreseeable future.

By People's Daily Online