Spot Silver Falls 5% as Gold Slides Nearly 3% in Precious-Metals Move

Spot silver fell 5% during the day to $61.17 an ounce on Sept. 28, while spot gold declined nearly 3% to $4,163.08, marking a broad move lower across precious metals.

The declines were recorded at 3:19 a.m. ET (07:19 UTC), with silver posting the sharper drop. Gold’s move remained below silver’s percentage decline but still represented a significant intraday slide.

The market weakness adds to a closely watched session for precious metals, with both spot contracts trading lower at the latest update.