Overnight silver surged directly to $84 per ounce, which is nearly a 10% increase since last week. On an annual basis, this is the strongest yearly gain since 1951. The result is that high prices become unbearable, and it quickly plunged over 10%. Currently, silver has fallen back to $72.67 per ounce, down 6.6% for the day, but from the beginning of the year until now, it has still gained a staggering 150%, which is indeed an outrageous increase.
Gold also didn't escape this adjustment — it dropped 4.4% to $4,333 per ounce. Platinum, palladium, copper, and other commodities are also following the trend of correction. On Monday morning, this sudden surge in silver happened, and the driving forces behind it are not yet fully understood...
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EntryPositionAnalyst
· 19h ago
Silver prices this wave of wiping out the rookies is incredible. It surged to 84 and then turned around to crash down. This is pure psychological warfare.
A 150% increase would make anyone dizzy, anyway I didn't catch this wave.
Silver is entering crazy mode, there must be someone behind the scenes stirring the pot. It's too bizarre.
The most aggressive since 1951? That data sounds outrageous. A correction is bound to happen sooner or later.
Really, I was nervous just watching the 84 wave. This thing can reverse too easily.
Everyone wants to buy the dip, but ends up being the bag holder. Silver's temper is really unusual.
It's not surprising that gold also dropped. All commodities are diving, and there will be a rebound tomorrow.
A 150% annual increase is basically a bubble. It will burst sooner or later, just see who reacts fastest.
Who bought the bottom at 84 during this wave? Raise your hand, I promise not to laugh at you.
Such a fierce plunge, there must be a story behind it. Let's wait and see what happens next.
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WhaleWatcher
· 12-30 15:52
The recent plunge in silver is really outrageous, dropping from 84 to 72 in just a few hours. Who can keep up with this pace?
If it hits 84, it should have been sold, but now those who got caught in the trap are going to cry their eyes out.
A 150% annual increase is indeed impressive, but this rollercoaster market is better to avoid.
Everyone says gold preserves value, but it didn't escape this time either. The recent commodity correction is indeed fierce.
Behind such a fierce surge in silver, there must be a story—it's just that information lags behind, and retail investors are always late to react.
A 6.6% drop in a single day feels like it might continue to fall.
Is this really a classic trap to lure buyers, or just a correction? Only heaven knows.
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DecentralizeMe
· 12-30 15:49
This move in silver is incredible, pushing from 84 down to 72—quite stimulating. An annual increase of 150% is truly outrageous.
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DaoGovernanceOfficer
· 12-30 15:47
ngl the volatility here is absolutely unhinged... 150% ytd gains but nobody can actually explain the underlying mechanics? that's pure speculation theater, not price discovery. empirically speaking, this looks like liquidity cascade failure waiting to happen
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RetiredMiner
· 12-30 15:33
84 dollars went up and then crashed down again, this rhythm is incredible... A 150% increase is indeed outrageous
Overnight silver surged directly to $84 per ounce, which is nearly a 10% increase since last week. On an annual basis, this is the strongest yearly gain since 1951. The result is that high prices become unbearable, and it quickly plunged over 10%. Currently, silver has fallen back to $72.67 per ounce, down 6.6% for the day, but from the beginning of the year until now, it has still gained a staggering 150%, which is indeed an outrageous increase.
Gold also didn't escape this adjustment — it dropped 4.4% to $4,333 per ounce. Platinum, palladium, copper, and other commodities are also following the trend of correction. On Monday morning, this sudden surge in silver happened, and the driving forces behind it are not yet fully understood...