Gold and Silver Fans ‘Hate This New Volatility’ But Keep the Faith

Gold investors tend to be a robust breed, inured to market moves. But the past week’s swings have had even committed gold bugs, along with the newer crop of silver investors, feeling queasy.

The precious metals’ record-breaking rally ended abruptly Friday, with gold plunging the most since 2013 and silver suffering its biggest daily drop on record. Prices continued to slide Monday. Then Tuesday’s rebound saw gold climb more than 6% to near $4,950 an ounce, while silver rose more than 10% to $87.