Clearly very few people were buying at 120 which is why it fell back to 85. It's a highly volatile commodity. Commodities markets go through booms and busts all the time and you never even hear about most of them.
Clearly very few people were buying at 120 which is why it fell back to 85. It's a highly volatile commodity. Commodities markets go through booms and busts all the time and you never even hear about most of them.
My bad. I placed a small buy at around $120, afterward it immediately tanked. Sorry folks!
For clarity: that is sarcasm.
Your point about commodities is broadly correct but that was a historic daily draw down in silver as well.