Silver Whipsaws Again as Thin Liquidity Fuels Wild Price Swings

Silver lurched between losses and gains, dropping nearly 10% before snapping back, as a lack of liquidity led to wild swings in a market struggling to find a floor.

Spot silver was up nearly 10% to almost $78 an ounce by late afternoon in New York on Friday, having earlier tumbled toward $64. That followed a 20% decline in the previous session that wiped out all of the metal’s gains from a spectacular rally last month. Gold also advanced after an earlier retreat.