Bitget data recorded silver's spike to $117.74/oz, its sharpest intraday jump since the financial crisis, before reversing and settling modestly higher.
On January 27, Bitget reported that spot silver surged 14% intraday to $117.74/oz at 2 a.m., marking its largest gain since the 2008 financial crisis. Prices later reversed, closing 0.4% higher at $103.625, before rebounding again by 3% to $106.75. On the latest trading day, spot silver rose more than $8 intraday to $112/oz, representing an 8% daily gain.