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Gold and silver plunge as wild swings rock metals markets
Gold and silver suffered their biggest slide in years, in a whipsawing reversal of a scorching rally that lifted prices to all-time highs. Gold dropped as much as 8% to crash through $5,000 an ounce, while silver plunged more than 20% in the biggest intraday drop since 2008 as the selloff swept through the broader metals markets. Copper fell almost 4% in London, after surging above $14,000 a ton for the first time Thursday in its biggest intraday jump since 2008. A wave of investor demand into precious metals over the past year has taken out record after record, shocked seasoned traders and driven exceptional price ... (full story)
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From deriv.com | Jan 30, 2026
After an explosive January rally that pushed gold close to $5,600 per ounce and sent silver more than 60% higher on the month, both metals have turned sharply lower. Gold slid nearly 4% in Asian trade, while silver retreated even more aggressively from record highs, raising doubts over whether the rally has simply overheated. So far, the evidence points ...
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Gold and silver prices plunged on Friday, sparking a global sell-off of stocks and funds linked to the metals. By 5:04 a.m. ET, spot silver was down 15% to settle at around $98.66 per ounce — taking it back below the $100 milestone. Prices of the precious metals also faltered on futures exchanges, with front-month gold contracts losing 5.5% in New York, ...
