Oil Energy Watch (@oil_energy_watch)
Silver plunges more than 50% from record high
BREAKING: Silver has now plunged more than 52% from its all-time high in January.
That is a brutal reversal for one of the most volatile major commodities.
Silver often trades like both an industrial metal and a monetary asset.
When momentum breaks, the downside can move fast.
For $SLV, the question is whether this is a full reset in the precious metals trade or a deep shakeout after an extreme run.