Gold now down practically $1,000 from peak as silver struggles following report 31% stoop
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A volatile day was setting up for precious and base metals, with pressure focused on silver astraders watched China markets for signals of a deeper rout.
The most-active March silver contract
SIH26 SI00 dropped over 5% at one point in early trading before recovering to $78.79 an ounce. Friday’s slump of 31% to $78.53 an ounce on Comex marked its biggest one-day percentage drop since March 27, 1980, according to Dow Jones Market Data.