Silver Price Soars Then Plummets Amid Jobs Data Surprise

The silver price has been on a wild ride after recent US jobs data and a reported $850 billion wipeout in gold and silver.

The Non-Farm Employment Change printed 29K against 89K expected, and the Unemployment Rate rose to 4.2% against 4.1%,

According to Bull Theory (@BullTheoryio), a third-party account reported that $850 billion was wiped out from gold and silver in 3.5 hours after the unemployment data came in.

A 4-hour close above 67.543 would shift the market structure, opening up targets of 71.193 and 80.370.