Silver prices fell dramatically with the beginning of today's session, as it fell almost $5 during the first hour of trading by almost 10%, this comes with great overbought signs witnessed in the technical indicators besides the fact that the silver is over valued, which prompted investors to sell-off the selver.

The silver traded now at $43.79 after recording a low of $42.21, and was opened today's session at the level of $47.80.

On the other hand, the gold prices also fell during the early trading, as it recorded the lowest level at $1542.70 per ounce after it opened at the level of $1563.65 per ounce. This gold has achieved a new record with the first day of the month of May at the level of $1576.52 per ounce.