Silver Slumps to Close Out a Rollercoaster Week of Price Swings

Silver collapsed well below $80 an ounce at the end of a week of extreme price swings, bringing a fresh bout of volatility to a market that’s been one of this year’s most turbulent trades.

The white metal had surged as much as 11.3% in the week through Wednesday, amid a wave of investor enthusiasm for AI-related equities and the industrial metals used in data-center power systems, cabling and cooling. Speculation around fuel availability in top miner Peru on Monday also boosted prices.