Spot silver plunges 6% intraday to $83.85 an ounce

Source
Minseung Kang

Summary

  • International spot silver prices plunged 6% intraday, amplifying volatility.
  • Based on Bitget quotes, spot silver was trading at $83.85 per ounce.
  • Market participants said broader price corrections across commodities and shifts in safe-haven demand have affected silver prices.

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Photo = Shutterstock
Photo = Shutterstock

International spot silver prices tumbled 6% intraday, amplifying volatility.

According to BlockBeats, a media outlet specializing in virtual assets (cryptocurrencies), spot silver was down 6.00% on the day to $83.85 per ounce based on Bitget quotes.

Market participants say the move reflected broader price corrections across the commodities complex and shifts in safe-haven demand, which weighed on silver.

Minseung Kang

Minseung Kang

minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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