Silver price surges 5% after Tuesday dip as Fed minutes and geopolitics whip metals
Spot silver surged about 5% to $77.24 an ounce in late New York trade Wednesday after swinging between $72.32 and $78.34. The iShares Silver Trust ETF jumped 5.6% to $70.09. Traders are watching Friday’s U.S. PCE inflation and GDP data for direction. Geopolitical tensions and Fed rate expectations drove volatility.