Silver’s sharp price swings echo crypto-style volatility

Silver prices recorded extreme volatility over the weekend, posting rapid gains and losses that market observers compared to cryptocurrency trading patterns.

The precious metal surged to a new all-time high of nearly $84 during US trading hours before reversing sharply.

Within the space of roughly one hour, silver spiked by about 6% before plunging close to 10%.

Market analysts described the moves as unusually violent for a traditional commodity.

The Kobeissi Letter highlighted the episode, noting the speed and scale of the reversal shortly after futures markets opened.

Absolute insanity in silver right now: prices surged to a record high before erasing nearly 10% of their value in just over an hour.

The Kobeissi Letter said.

Gold prices also pushed higher over the weekend, trading near record levels above $4,500 per ounce.

Analysts said the rally in precious metals has been driven by expectations of looser monetary policy.

Markets are increasingly pricing in interest rate cuts as a new US Federal Reserve chair is expected to take office in 2026.