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Silver just had a flash crash

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Spot silver markets just suffered a flash crash, bringing some excitement to what has been an otherwise dull Friday session in Asia ahead of IS non-farm payrolls tonight.

Here's the 1-minute chart from today's session.

silver flash crash

Having hit a session high of $16.18 an ounce in early trade, the spot price fell from $16 an ounce to as low as $14.86 in less than a minute, a decline of over 7%.

Just as quickly it rebounded, although it still remains down 1% for the session.

A fat finger, algorithmic traders and thin market conditions ahead of the US jobs report may have all been contributing factors behind the sudden flurry of activity.

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