Silver price recovers after biggest drop in five years; gold edges higher

Silver recovered most losses after its biggest one-day drop in more than five years, with a lingering supply shortage keeping the metal on track for a 33 per cent monthly gain.

The white metal briefly climbed above $US77 an ounce on Tuesday (Wednesday AEDT), following a 9 per cent slide in the previous session, while gold edged higher after its steepest drop in two months.

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