A violent selloff Friday sent silver prices crashing and gold futures to their biggest one-day dollar decline on record, the latest twist of wild trading that has left precious metals swinging like meme stocks.
For months, a gravity-defying rally had pushed gold and silver prices to all-time highs, enticing speculators and sparking fears that investors the world over were losing faith in traditional currencies like the dollar. Starting Thursday night, the air finally came out.
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