Silver Selloff Resumes as Volatility Remains Elevated
After a staggering rally of nearly 150% last year, the price of silver has hit a particularly rough patch amid elevated market volatility that started last week. On Thursday alone, the price plunged nearly 20%. The rout started during early trading in the Asian markets and continued when U.S. markets opened. The turmoil that is being witnessed in this precious metal’s market was last seen in 1980. Currently, silver is trading at about $71 an ounce after climbing to an all-time high of $121 recorded last week. The unprecedented climb seen in the price of silver and gold last year…