'Fast Money' traders talk silver and gold pulling back from record highs

Silver futures experienced significant volatility, reaching an all-time intraday high of 82.67 before reversing sharply to the 71 level. This sentiment shift, fueled by a U.S. dollar rebound, triggered heavy selling across the metals complex, pushing Gold futures down 4% and Platinum futures down 14%. After five consecutive higher closes, the market hit a ...

Silver retreated sharply after smashing through $80 an ounce for the first time, halting a record-breaking rally powered by Chinese speculative demand. Gold also tumbled the most in two months. The white metal fell by more than 9% in its biggest intraday decline since 2021 on Monday as technical indicators showed the rally may have run too fast, too soon. ...

Silver was all the rage through the Christmas holidays and that even extended through this week’s open, with the metal rushing all the way up to and beyond the 80-handle to set a fresh all-time-high. But that enthusiasm couldn’t remain for long as profit taking soon took over, and at this point, the Monday candle is showing as a bearish engulf as sellers ...