Summary
- International precious metal prices slid sharply, with spot silver falling 10% intraday to as low as $80.28 per ounce.
- Spot gold also fell by nearly $100 in the short term, dropping below $5,170 per ounce and posting an intraday decline of 2.94%.
- Spot palladium also fell 6.00% to $1,668.23 per ounce, while market participants cited a broader commodity pullback and shifts in safe-haven demand as key factors.
Forecast Trend Report by Period
International precious metal prices plunged during the session.
According to BlockBeats, a media outlet specializing in digital assets, spot silver fell 10% intraday on the day, sliding to as low as $80.28 per ounce.
Spot gold also tumbled by nearly $100 in the short term, falling below the $5,170-per-ounce level. The intraday decline was tallied at 2.94%.
Spot palladium also dropped 6.00% to $1,668.23 per ounce.
Market participants say shifting risk sentiment, alongside a broader pullback across commodity markets, likely weighed on silver prices.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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