Silver falls 36% in a day after its record run

Silver closed at $78.53 an ounce, down 35.9%, its largest one-day fall on record, days after peaking above $121. Gold, which had neared $5,600, posted its steepest fall since the early 1980s. The sell-off followed reports that the Trump administration would nominate Kevin Warsh to lead the Federal Reserve.

Why it matters. Metal prices can swing far faster than mine plans, which is why valuations use long-term price decks rather than spot.

Source

MINING.COM

In the course

Module 4: Metal markets