Silver Surges to Record $82, Then Plunges 8% Amid Thin Volumes

• Silver futures hit a new intraday record of $82.67 an ounce, then dropped 8% from this high.
• The surge followed an 11% gain on Friday, the largest single-session rise since 2008.
• The rally, driven by speculative inflows and supply deficits, puts Silver up 180% in 2025, nearing its best year since 1979.
• Gains and drops are exaggerated by thin trading volumes during the holiday season.
• Platinum also saw a significant rally, crossing $2,500 for the first time since 1987, while Gold remained stable above $4,550.

Why It Matters: Silver prices experienced extreme volatility, hitting record highs before a sharp 8% fall, driven by market dynamics and low volumes.