Silver, Platinum Plunge to Extend Big Spike in Volatility

Silver and platinum plunged, extending a recent run of exceptional volatility as traders weighed index rebalancing sales, supply constraints and the risk of potential US tariffs. Gold also declined.

Spot platinum slid as much as 7.7% and silver tumbled as much as 6%, though both metals are still up for the month so far. Silver had powered to a record high above $84 an ounce in late December as strong retail investor appetite, particularly in China, buffeted prices in thin trading over the holiday period.