Spot Silver Surges 5% After Intraday Plunge, Rebounds to $74.34

The evidence from the most relevant and authoritative sources strongly supports the statement. The Investing News Network source establishes a specific all-time high for silver at US$121.62. A highly relevant BullionVault article then reports an 'unprecedented' 40% crash from this peak. A simple calculation confirms that a 40% drop from $121.62 would result in a price of approximately $72.97 per ounce ($121.62 * 0.60), which is well below the $85 threshold cited in the statement. The summary for this source explicitly states this calculation confirms the price drop. While another BullionVault article mentions a smaller 12% drop, the source reporting the 40% drop has a higher relevance score (1.00) and more directly supports the magnitude of the fall required to breach the $85 level. The presence of multiple links to Kitco, a primary data provider for precious metals, further reinforces that this price movement is verifiable. The sources that are irrelevant (copper, gold charts) or anachronistic (referencing a 2011 high) do not detract from the consistent narrative provided by the core, highly relevant sources.