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Silver prices saw a significant one-day drop, falling by 30,000 per kg. Gold also declined. Investors booked profits amid market volatility. Analysts expect gold prices to remain weak internationally, while silver is predicted to consolidate. Demand for silver from technology sectors continues to outpace supply, making it volatile. Investors are advised to focus on fundamentals rather than timing the market.
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News and Media
Gold and silver extended losses on Friday, with spot gold down 0.7% and spot silver down 3.2%, as a global tech stock rout and a stronger U.S. dollar erased earlier gains. Weak U.S. labor market data and geopolitical tensions also influenced the precious metals market.
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News and Media
Asian stocks extended losses for a second day, mirroring a Wall Street selloff driven by concerns over AI's impact on software profits and rising U.S. layoffs. Precious metals and cryptocurrencies also experienced significant volatility, with gold, silver, bitcoin, and ether all declining sharply.
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News and Media
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