Gold, Silver Crash: Prices Plunge 40% for Silver, 25% for Gold from All-Time Highs

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Moneycontrol•02-02-2026, 14:45
Gold, Silver Crash: Prices Plunge 40% for Silver, 25% for Gold from All-Time Highs
- •Silver has crashed 40% and gold 25% from their all-time highs, erasing recent record rallies driven by global uncertainty.
- •International markets saw gold drop 7.7% to $4,500 and silver fall 14% to $72, with similar pressure in Indian markets.
- •Key factors for the decline include a strengthening US dollar, uncertainty over US Fed policy, and increased COMEX margin requirements.
- •CME Group raised margin requirements for gold and silver futures, forcing traders to reduce positions and increasing selling pressure.
- •Despite the current correction, long-term support for precious metals remains due to expected interest rate cuts in 2026, making gold an attractive option in a low-interest environment.
Why It Matters: Gold and silver prices have significantly corrected due to dollar strength, Fed uncertainty, and increased margins.
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