Precious metals surge as markets reverse course following recent heavy losses. Gold jumps about 5%, climbing back above $4,850 per ounce as investors return to defensive assets amid elevated volatility and fragile risk sentiment.
Silver posts even stronger gains, soaring 11% to reclaim levels above $85 per ounce. The metal rises nearly 20% in just 12 hours from its recent low, underscoring intense short-term momentum after one of the sharpest selloffs in its history.
Traders cite short covering, bargain hunting, and renewed hedging demand as key drivers of the rebound. While prices recover rapidly, analysts warn that volatility remains high, with precious metals likely to see further sharp swings as markets digest macroeconomic and liquidity signals.
