Spot Silver Bounces Back Strongly
Despite falling nearly 10% at the opening, spot silver prices staged a strong rebound during afternoon trading, recovering over $8 in losses.
Gold Market Remains Stable
In the meantime, the decline in spot gold prices narrowed from over 3.5% to just 1.2%, indicating a partial recovery in market sentiment.
Market Analysis and Outlook
Analysts noted that short-term volatility may stem from technical adjustments and sentiment shifts, but the long-term trend will depend on macroeconomic data and monetary policy moves.