The silver price’s blistering rally came to an abrupt halt on Friday as XAG/USD collapsed by almost 30%, briefly plunging from Thursday’s record high above $120 to near $83. The price of silver had surged nearly 65 per cent this month and close to 300 per cent over the past year, leaving it especially exposed once sentiment turned. {chart} Traders pointed to aggressive profit-taking after an overextended run, compounded by a hawkish shift in U.S. interest-rate expectations following Donald Trump’s decision to nominate former Federal Reserve governor Kevin Warsh to replace Jerome Powell. Warsh is widely viewed as less ... (full story)