Gold and silver saw unprecedented single-day losses, with gold’s drop the steepest since the early 1980s and silver’s plunge the largest on record.
On January 30, spot gold fell as much as 12% to $4,682 per ounce—its biggest one-day decline since the early 1980s—before closing down 9.25% at $4,880. Spot silver plunged up to 36% to $74.28, marking its largest daily drop ever, and settled down 26.42% at $85.259. These record-setting moves underscore extreme volatility in the precious metals market.