Silver Plunge Erases Short-Lived Rally as Dollar Strengthens
Silver prices fell sharply in volatile trade, wiping out a rebound earlier in the week. Spot silver dropped about 14.7% to $75.18 an ounce while March futures slid more than 11.5% to $74.68/oz, as renewed selling coincided with a firmer dollar and traders waiting on central bank cues and U.S. payrolls data.