Silver price rebounds to $86 after rout, Fed pick and margin hikes still haunt the trade
Spot silver rose 1.6% to $86.48 an ounce Wednesday, rebounding after a 27% plunge Friday and further losses Monday. The metal remains volatile, having dropped 37% since last week’s record high of $121.6. Analysts warn of continued swings as demand slows and U.S. economic data remains delayed. Gold edged lower.