Spot Gold and Silver Prices Suffer Historic Losses, Marking Sharpest Declines in Decades
Gold and silver experienced their largest single-day price drops since the 1980s, with silver seeing its biggest-ever daily fall amid extreme market volatility.
Summary
Spot gold experienced a 9.25% drop, closing at $4,880 per ounce, while spot silver saw a staggering 26.42% decline, ending at $85.259. Silver's intraday plunge of 36% marked its largest-ever daily drop, while gold faced its biggest single-day loss since the early 1980s amid market turbulence.
Terms & Concepts
- Spot market: The cash market for immediate settlement, used in crypto and commodities trading.