U.S. silver futures fell as much as 4 percent on Tuesday to $45.27 an ounce, retreating from a stunning rally in the previous session that pushed prices to $49.82, just off a record high hit in 1980.

The contract was trading at $45.46 by 0256 GMT.

Spot silver dropped 3 percent to $45.46.

(Reporting by Rujun Shen; Editing by Ed Lane)

Investment Silver