High-frequency electromagnetic (EM) fields are investigated for the levitation of thin horizontal sheets of liquid metal. A magnetic configuration is analyzed in which inductance stabilization provides global stability and magnetic flux compression provides local stability. Stability analysis indicates that frequencies greater than about 24 kHz are desirable to stably levitate 6 mm thick steel. For stability in systems without active feedback, a conducting screen is required below the metal, with a gap between the screen and the molten metal of no more than twice the metal thickness. Experiments in which 10 kHz EM fields were used to statically levitate sheets of molten tin indicate that dominant magnetohydrodynamic instabilities are of the Rayleigh–Taylor type and correspond to theory.