Gold and silver prices plunge… silver down 11%, gold down about 3%

JH Kim

Summary

International silver prices were reported to have fallen 11% from the previous day to $74.66 per ounce.
International gold prices were said to have slipped more than 3% to $4,913.69 per ounce.
In the precious-metals market, heightened volatility and selling pressure, as well as macroeconomic uncertainty and position adjustments, were reported to be affecting prices.

Forecast Trend Report by Period

International silver and gold prices extended their intraday declines.

According to Walter Bloomberg, an account providing breaking economic news, spot silver fell 11% from the previous day to $74.66 per ounce. Spot gold slid more than 3% to $4,913.69 per ounce.

The precious-metals market has seen heightened volatility recently, with selling pressure persisting. Markets are viewing macroeconomic uncertainty and position adjustments, among other factors, as influencing prices.