Gold Silver Explainer
Personal Finance
C
CNBC Awaaz05-02-2026, 12:24

Silver Prices Plunge 17% in Biggest Sell-Off in 13 Years; Experts Advise Immediate Sale

  • Silver prices experienced a sudden 17% drop, wiping out recent gains and marking the largest sell-off in precious metals in 13 years.
  • The sharp decline occurred after silver briefly surpassed $90 per ounce in early Asian trading, followed by heavy selling.
  • Silver is now more than one-third down from its all-time high on January 29, indicating a rapid fall compared to its rise.
  • Experts recommend short-term investors reduce risk and lighten positions due to high volatility, weak liquidity, and a risk-averse market sentiment across asset classes.
  • Gold also saw significant fluctuations, dropping about 3.5% at one point, while copper prices fell over 1%.

More like this

Loading more articles...