Silver dropped sharply, wiping out 2 days of gains amid a broader market rotation

Silver hit a record high last week just before a sharp reversal.

Georg Hochmuth/APA/Getty Images

• Silver slid, giving back a brief rebound after last week's record highs and sharp selloff.
• Gold retreated as dollar strength pressured precious metals.
• The move came amid a broader rotation, with tech stocks and crypto also under pressure.

Silver prices slumped as precious metals came under renewed pressure amid a broader market pullback.

The spot silver...