Metals see wild swings: Silver plunges 20% in biggest intraday drop since 2008, gold down 8%

Metals see wild swings: Silver plunges 20% in biggest intraday drop since 2008, gold down 8%

Copper fell almost 4% in London, after surging above $14,000 a ton for the first time Thursday in its biggest intraday jump since 2008.

Gold (XAUUSD), Silver, Platinum Forecasts – Silver Collapses 18% As Traders Rush For Exits

There’s no place to hide in precious metals markets today.

Gold, Silver Prices Plunge on Strong US Dollar

Precious Metals Plunge After Record Highs Gold and silver prices experienced a significant downturn in Friday’s trading, reversing a recent rally. Profit-taking and a strengthening US dollar are cited as primary factors. Silver’s Slide: Silver prices plummeted 20%, or ₹72,000 per kilogram, marking a major intraday drop. Gold’s Decline: Gold futures fell by 9%, or ₹5,246 per 10 grams. Fed Chair Speculation: A speculated change in US Federal Rese…