Silver's flash crash scare on Thursday night is becoming reality on Friday.
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Silver is getting crushed after briefly recovering from flash crash
The flash crash scare might be becoming reality.
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Thursday evening, silver was trading at around $16.18 an ounce before plunging about 7% to a low of $14.86. It quickly recovered those losses.
However, half a day later, the commodity is edging closer to its flash crash lows, trading down 3.18% at $15.56.
The flash crash was blamed on a fat-fingered trader and could have been amplified by thin market conditions ahead of the US jobs report and algorithmic trading.
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Gold is also lower, down 1.14% on Friday.
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