Spot silver fell back after rising above $90, at one point plunging nearly 17%

Silver prices experienced significant fluctuations today (5th), ending the rebound momentum of the previous two days. In early Asian trading, it briefly surpassed $90 per ounce, but then fell nearly 17%, currently down 12.5% to $77.13 per ounce. Spot gold is down 1.48% to $4,890.73.

According to reports, Christopher Wong, a strategist at OCBC Bank, stated that market sentiment for most asset classes, including stocks and metals in the region, seems to have weakened, creating a negative cycle due to insufficient market liquidity.

Standard Chartered analyst Sudakshina Unnikrishnan indicated that gold prices may continue to fluctuate until the Federal Reserve's monetary policy outlook becomes clearer, but due to the structural driving factors remaining solid, she believes gold prices will rebound