Spot gold and silver saw historic declines, with gold falling 12% and silver plunging over 36% in one day, marking the largest daily drops in decades.
Spot gold fell 12% to $4,682 per ounce, its biggest single-day drop since the early 1980s, closing at $4,880. Spot silver dropped 36% intraday to $74.28, its largest daily decline ever, ending the day at $85.259. These dramatic falls reflect extreme market volatility in precious metals.