Silver Crashes 15% From Record Highs! What’s Next for Gold?
Did silver just crash from record highs? After soaring to an unprecedented $80 an ounce, silver futures experienced their worst single-day plunge since 2021, dropping a staggering 8.7%. This dramatic intraday retreat saw silver fall 15% from its peak, marking a significant reversal for one of the year's best trades. Experts point to profit-taking and year-end tax-loss harvesting as catalysts for the sharp sell-off, though the underlying drivers of strong industrial and safe-haven demand for precious metals remain. Despite this historic one-day move, some analysts believe the long-term rally for both silver and gold is far from over. Don't miss out on the latest market insights and subscribe to our channel for more.
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