Silver plummets more than 16%, erasing a two-day recovery

Silver fell sharply, erasing a two-day recovery, as the white metal struggled to find a price floor following a historic market rout. Gold also declined.Spot silver tumbled as much as 16.6% on Thursday, having briefly recovered above $90 an ounce in early Asian trading. Meanwhile, spot gold dropped as much as 3.5% in choppy trading.“Sentiment seems to have turned soggy across most asset classes, including regional equities and metals,” said Christopher Wong, a strategist at Oversea-Chinese Banking Corp Ltd. ...