Silver prices have stabilized near the $80 per ounce mark after a turbulent trading session that tested market nerves. The precious metal experienced dramatic swings throughout the day, initially plunging by as much as 16% from its opening levels before staging a robust recovery. Data from Jin10 shows silver managed to claw back over $6 from its session lows, ultimately narrowing today's decline to 9%. This sharp rebound suggests buyers stepped in at lower prices, though the extreme price swings underscore the volatile conditions currently gripping the precious metals market. The metal's struggle between 16% losses and partial recovery highlights the tension between different market forces, leaving traders navigating an unpredictable landscape for spot silver trading.