Precious metals markets see a sharp selloff as silver futures fall below $100 per troy ounce for the first time since January 23. Gold futures also slide under the $5,000 mark, reaching their lowest level since January 26 and confirming a rapid reversal after recent record highs.
The decline reflects intense short-term pressure across metals markets, with traders unwinding positions amid elevated volatility and risk-off sentiment. The synchronized drop in gold and silver points to broad-based liquidation rather than asset-specific factors.
Over the past 24 hours, gold loses an estimated $4 trillion in market value, while silver sheds about $1.1 trillion. Analysts describe the move as one of the most severe short-term drawdowns in precious metals, raising concerns about continued volatility in the near term.
