Silver Hit With Fresh Selloff in China After Tentative Recovery

Silver fell sharply, at one point wiping out its two-day recovery, as the white metal struggled to find a floor following a historic market rout. Spot silver plunged as much as 17% toward $73 an ounce during the Asian trading session, before paring losses to about 11% mid-morning in Europe. After a record-breaking rally that appeared to run too hot, the metal has retreated by more than a third from an all-time high last week. A rebound of the dollar triggered the unwinding of bullish positions last week and has weighed on commodities. Precious metals have soared over the past…