Silver Trading Error? Nah. Andrew Acquire predicted 3 weeks ago...

"Silver prices briefly tumbled early in Friday’s Asian trading session with futures plunging nearly 10%, likely due to a trading error, before quickly reversing most of that decline.

There have been numerous instances in recent years of a buy or sell order being entered for an asset—be it stock, commodity or bond—at a wrong price, resulting in subsequent trades reacting to that incorrect entry. The end result is typically brief market tumult.

“It’s a strange one,” said Stuart Ive of OM Financial about silver’s swoon. It occurred just after 23:00 GMT at a time of the global trading session when there is little volume. By then, U.S. activity has wrapped for the day—it was 7 p.m. Eastern time—and Asian trading has yet to start in any significant measure.
Silver SIU7, -0.93% fell from just over $16 per troy ounce to around $14.30 in moments before nearly as quickly getting back to $15.80. Comex silver futures were recently down 0.8% at $15.86.

If the drop “had real volumes behind it, [prices] would not have bounced back so quickly,” added Ive. “It suggests trading error rather than anything more serious at this point of time.”