Silver's flash crash scare on Thursday night is becoming reality on Friday.
ADVERTISEMENT
Silver is getting crushed after briefly recovering from flash crash
The flash crash scare might be becoming reality.
ADVERTISEMENT
Recommended articles
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.
ADVERTISEMENT
Gold is also lower, down 1.14% on Friday.
FOLLOW BUSINESS INSIDER AFRICA
ADVERTISEMENT
Recommended articles
10 countries in Africa with the worst press freedom in 2024
FCMB Group sustains growth momentum, profit rises 192.6% in Q1 2024
DBNC 2024 impacts, sets the pace for entrepreneurs
Navigating success: Insights from a leading IT expert
US and French governments are lobbying Nigeria to host their military bases - report
Russian aid arrives in Niger amid growing bilateral ties
Kentucky Derby betting sites 2024: Where to bet on the races online
10 least powerful African passports in 2024