Silver Continues Sharp Decline
Following a steep drop in the previous session, silver prices continue to fall under pressure today, down nearly 5%. Market sentiment remains weak, with investors selling off precious metal assets, making it difficult for silver prices to stabilize.
Prices Break Key Support Level
During morning trading today, spot silver prices fell below the $70 level. From the historical high reached on January 29, prices have now dropped more than 40%. This is the most significant adjustment since 1980, with market volatility rising sharply.
Gold Holds Up Better
In contrast to silver, gold prices have seen a relatively smaller decline, currently down only 0.8%. This suggests that, in the current market environment, gold is still considered a relatively stable safe-haven asset.
Platinum and Palladium Also Decline
The broader precious metals market is under pressure, with platinum and palladium prices falling more than 1% today. This reflects a synchronized weakening in global industrial demand and investor sentiment.