Silver Sees "Reverse V" Pattern, Surges 14% Intraday Before Falling Back to 0.4%

BlockBeats News, January 27th, according to Bitget data, silver staged a V-shaped reversal. In the early morning of today (the 27th), it hit a historical high of $117.74 per ounce, surging by 14% intraday, marking the largest intraday increase since the global financial crisis. It then fell sharply from the high and wiped out all intraday gains to turn negative at the end of the U.S. session, finally closing up only 0.4% at $103.625 per ounce.

Currently, spot silver has recovered some of its losses, rising by 3.00% intraday to trade at $106.75 per ounce.