Summary Box: Silver leads commodities sell-off

AP News
Posted: May 04, 2011 4:42 PM

TARNISHED SILVER: Silver plunged 7.5 percent, its third consecutive day of losses. Many investors sold holdings for a profit after the price pushed close to $50 an ounce last week.

BROAD DECLINES: Investors sold off an array of commodities to capitalize on hefty price gains. In addition to silver, other metals and energy contracts fell while grains and beans were mixed.

THE IMPETUS: Analysts say investors wanted to reduce some risk in their portfolios because of concerns about tensions in the Middle East and North Africa, debt problems in several countries and the threat of inflation.