Silver price dives about 15% as selloff resumes — what traders watch next for XAG/USD
Spot silver plunged nearly 15% to around $75 an ounce Thursday, after swinging between $72 and $90 in volatile trading. The dollar hit a two-week high and U.S. stocks fell, as investors faced margin calls and trimmed leveraged positions. Silver funds dropped sharply, with SLV down almost 12%. The U.S. payrolls report was postponed to Feb. 11 after a brief government shutdown.