Gold (GCZ25) and silver (SIZ25) futures prices extended losses overnight into Wednesday after both metals suffered major losses on Tuesday and saw their worst routs in many years on concerns the rallies had run too far, too fast.
Gold futures prices at one point were down over $250 an ounce, while silver saw prices down over $3.50 an ounce. The general marketplace at mid-week will continue to pay closer attention to gold and silver markets, as more extreme volatility could cause concerns about market-making efficiency and even market dislocations — which could spill over into selling pressure in other commodity futures markets.
