Spot Silver Rebounds After Sharp Intraday Drop

According to Odaily Planet Daily News, spot silver experienced notable volatility during the trading day, staging a rebound after a sharp decline earlier in the session. Prices fell by more than $10 per ounce at one point, reflecting heightened short-term selling pressure and rapid shifts in market sentiment.
Following the intraday drop, silver prices recovered part of the losses and are currently trading around $117 per ounce. The rebound suggests renewed buying interest at lower levels, potentially driven by bargain hunting or adjustments in speculative positioning.
The sharp price movement highlights the ongoing sensitivity of precious metals to macroeconomic signals, including interest rate expectations, US dollar fluctuations, and broader risk sentiment across global markets. Silver, in particular, often experiences amplified volatility due to its dual role as both an industrial metal and a store of value.
As markets continue to digest economic data and central bank signals, traders are likely to remain cautious, with short-term price action in silver expected to stay volatile amid rapidly changing expectations.#GateLiveMiningProgramPublicBeta #VanEckLaunchesAVAXSpotETF